Usually 24 hours before closing, you'll visit the house one last time to ensure it’s in the agreed-upon condition.
Distinguish between "needs" (3 bedrooms, good school district) and "wants" (granite countertops, hardwood floors). Phase 3: The Search & The Offer home buying guide pdf
You'll meet at a title company or attorney's office to sign a mountain of documents and wire your down payment. Usually 24 hours before closing, you'll visit the
A higher score equals a lower interest rate. If yours is under 620, consider a few months of "credit repair" before applying. A higher score equals a lower interest rate
This is the final deep dive into your finances by the lender. Pro tip: Do not make any large purchases (like a new car) or open new credit cards during this time! Phase 5: Closing Day
Look past the paint colors and staging. Check the age of the roof, the HVAC system, and the "vibe" of the neighborhood at different times of day.
While 20% is the gold standard to avoid Private Mortgage Insurance (PMI), many programs (like FHA) allow for as little as 3.5% or even 0% down.