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Home Buying 101 Understanding

Buying a home should be a comfortable investment, not a financial burden. When deciding how much you can afford, a good place to start is with this calculator from CNN Money , which allows you to plug in your annual income, down payment and monthly debts to see how much you can spend on a house.

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Closing Costs Explained. There are costs associated with purchasing a home. Check out a sample Closing Disclosure, which outlines terms and costs of your transaction.Here’s a review of many of the common fees. Origination: The fee the lender and any mortgage broker charges the borrower for making the mortgage loan.

HOMEBUYER’S GUIDE. Buying a home doesn’t have to be confusing. Welcome to the homebuyer’s guide! Buying a home is a huge step, and there’s a lot to learn along the way. This may help you be prepared and excited about your new home. Here you’ll find tips, tools and further reading on whatever you might be wondering, wherever you are in the process.

Home Buying First Time

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Owning Your First Home Let’s start with the basics. Take stock of what you own. The process that turns a home seeker into a homeowner Eight mistakes to avoid when buying your first home Real estate vocabulary: Words you.

Welcome to my new blog series, Home Buying 101! I will be detailing the various parts of the transaction process for purchasing a single family home. My goal is to answer the many questions looming around purchasing, especially for first-time home buyers. There are a lot of words thrown around when discussing purchasing property.

Home Buying 101: Understanding the Mortgage Process. By Carise Pernell | Published November 22, Now that you have an understanding from your mortgage lender as to your credit, down payment options, and potential monthly payment, you should look at your finances and budget.. Home Buying.

What Do Home Buyers Look For Home buyers feel awkward about opening closet doors and lingering for a really good look at the house if the seller is home. If you’re selling by owner, give them some space, don’t hover. Parting Words: Most of these problems are home selling issues you can correct without spending a lot of money