Basics of Buying a Home
How do I get a mortgage?
- Once the offer has been accepted, you'll apply for financing. Typically, the buyer pays 10 or 20 percent of the purchase price in cash and takes a loan for the balance.
- Banks and other institutions offer a wide range of mortgages with a variety of interest rates and terms. It pays to shop around and compare. You will probably be charged a "loan application fee" of a few hundred dollars.
- Some people "pre-qualify" for a mortgage before they make an offer. That speeds up the process.
>>Under the law, who does the buyer's real estate agent work for?
>>What is an offer?
>>How do I get a mortgage?
>>What is the title search?
>>What happens at the closing?
Practical Law Home |
Buying or Selling a Home |
*Basics of Buying a Home*
Basics of Selling a Home |
Why Real Estate Is Covered By Special Laws |
Real Estate Brokers
The Purchase Contract |
Financing a Home Purchase |
The Closing |
The Fair Housing Act
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