Home Buying Guide Pdf -

Your bank will send an appraiser to ensure the home is actually worth what you’re paying.

Usually 24 hours before closing, you'll visit the house one last time to ensure it’s in the agreed-upon condition.

Don't be afraid to ask for closing cost credits or repairs if the house needs work. Phase 4: Due Diligence Once an offer is accepted, you enter "Escrow." home buying guide pdf

A higher score equals a lower interest rate. If yours is under 620, consider a few months of "credit repair" before applying.

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. Your bank will send an appraiser to ensure

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

Distinguish between "needs" (3 bedrooms, good school district) and "wants" (granite countertops, hardwood floors). Phase 3: The Search & The Offer Phase 4: Due Diligence Once an offer is

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.