Three home buying tips potential borrowers need to know
Source: HousingWire

 
Potential borrowers who are looking to buy a home might want to prep themselves for the process by ensuring they know some key fundamentals on the path to homeownership. For instance, many borrowers are stunned by the amount of the closing costs to finalize the purchase of their new home. One advisor notes that buyers can avoid this last-minute shock altogether and address closing costs well before they get to the table. Ensuring that a borrower knows who is responsible for the closing costs is one facet of educating consumers about the real estate closing process. Furthermore, the credit score of a borrower is very important for determining eligibility for mortgage loans and should be monitored by a buyer.


Source: HousingWire

 
Potential borrowers who are looking to buy a home might want to prep themselves for the process by ensuring they know some key fundamentals on the path to homeownership. For instance, many borrowers are stunned by the amount of the closing costs to finalize the purchase of their new home. One advisor notes that buyers can avoid this last-minute shock altogether and address closing costs well before they get to the table. Ensuring that a borrower knows who is responsible for the closing costs is one facet of educating consumers about the real estate closing process. Furthermore, the credit score of a borrower is very important for determining eligibility for mortgage loans and should be monitored by a buyer.