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I'm a first-time homebuyer. What would I expect when purchasing?

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  Answers  |  3

February 13, 2017

Good question! First thing is to know where your comfort levels are for a new monthly payment for your home. Then decide how much you can comfortably put out for cash for the down payment and closing. If the answer is no money, then that still may be fine as there are plenty of down payment assistance programs you may qualify for!

Then go through the motions of your broker or banker reviewing your credit and income to see if you qualify for the type of home you want. The upfront process of that is easy! Proof of these papers will be asked for all the way until closing. You should also expect to work with a knowledgeable team between your realtor and mortgage banker. Any and all questions/concerns should be answered to your comfort. If not, find a new team!

The average time from accepted offer to closing should be about 30 days in process and then enjoy your new home!

I'm serving AZ and CA.

$commenter.renderDisplayableName() | 09.16.19 @ 08:20

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February 20, 2017

For what to expect in terms of costs, check out our Rookie Home-Buying Expense Checklist. For a preview of your mortgage closing, read Mastering the Mortgage Checklist. Good luck!

$commenter.renderDisplayableName() | 09.16.19 @ 08:20

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February 22, 2017

If you intend on making any home improvements make out a carefully designed spending budget. Often times people get caught up spending savings on this nesting process and once the improvements are made they get lost to their affordable budgets and find their lifestyle budget gets overspent and they wind up racking up unanticipated debts. -seek out a financial planner.

$commenter.renderDisplayableName() | 09.16.19 @ 08:20

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