uying a home can be who your lender is. Closing costs
complicated, but not if you can add up to between two and six
follow our tips.
percent of your loan, so ask your
lender to give you a Good Faith
Get pre-approved for a mortgage Estimate of the loan-related fees
before you make an offer. you'll have to pay. Get your real
estate agent to compile a list of
When you are trying to buy a other expenses.
house in a competitive market,
your offer to purchase should Insist on a home inspection.
contain as few conditions as
possible. An offer that is The first really cold day you
conditional on obtaining spend in your new house is too
financing is often a deal killer. late in finding out that the
The seller may accept a competing furnace doesn't work. The one
offer for less money rather than condition you should always
take the risk that you won't be include in an offer to purchase
able to raise mortgage money. A is a home inspection. Find out
pre-approval letter from your how much it will cost to fix any
lender tells the seller you are defects and have the seller fix
ready and able to commit. them before you agree to buy or
deduct the estimated cost from
Set enough money aside to cover the final price you offer.
closing costs.
For more home buying tips, visit
You've put together a down payment. Be aware that there is href="http://www.lendingtree.com/
also a long list of expenses you cec/yourhome/buying/five-tips-for
may have to pay at closing, -home-buyers.asp"
depending on where you live and title="http://www.lendingtree.com
/cec/yourhome/buying/five-tips-fo gtree.com/cec/yourhome/buying/fiv
r-home-buyers.asp" e-tips-for-home-buyers.asp
target="_blank">http://www.lendin
About the Author:
The editorial staff at LendingTree is committed to helping consumers become smarter borrowers. Visit http://www.lendingtree.com/cec for more information and tips on buying, selling, and financing a home. Copyright 1998-2006, LendingTree, LLC.
Source: www.isnare.com
