How much can I afford?
Say What- Home Buying Lingo You Should Know:zillow.com (Leaving Loansimple.com) When you say jumbo, I think shrimp.
Do you know what a jumbo loan is? How about earnest money? PMI? The mortgage industry has its own language. You don’t need to be fluent. Check out this link for some of the lingo you might hear along your homebuying journey.
How Much are Closing Costsrealtor.com (Leaving Loansimple.com) Rollie Fingers had an awesome mustache, a cool name and was a great closer.
It’s a baseball thing. But in homebuying, being a great closer can save you money. The key is in the preparation. Check out this link for some great tips about what to expect in terms of closing costs and how to maybe strike a few of them out.
How Much Is a Down Payment on a House?newhomesource.com (Leaving Loansimple.com) Home is where the mortgage is.
More importantly, it’s where your financial freedom resides. Think of your down payment as an investment in that financial freedom. And even if your investment is as small as 3%, it will grow over time into your greatest asset.