Buyer
Be sure that: repairs you’ve requested have been made. Obtain copies of paid bills and any related warranties all items that were included in the sale price—draperies, lighting fixtures—are still there. screens and storm windows are in place or...
Buyer
Look for exclusions to coverage. For example, most insurance policies do not cover flood or earthquake damage as a standard item. These coverages must be bought separately. Look for dollar limitations on claims. Even if you are covered for a risk, there may a...
Buyer
Mortgage term. Mortgages are generally available at 15-, 20-, or 30-year terms. The longer the term, the lower the monthly payment if the same amount is borrowed. However, you pay more interest overall if you borrow for a longer term. Fixed or adjustable interest...
Buyer
W-2 forms or business tax return forms if your self-employed for the last two or three years for every person signing the loan. Copies of one or more months of pay stubs for every person signing the loan. Copies of two to four months of bank or credit union...
Buyer
If your income and savings are making home buying a challenge, consider these options. Investigate local, state, and national downpayment assistance programs. These programs give loans or grants to cover all or part of your required downpayment. National...
