Sunday, July 14, 2013

First Time Home Buying

So, Sarah and I are working on buying our first home.  We've been working for over a month now to seek out the right home and get in there.  There's been quite a bit of a process to get to that point.  What I really wanted was a nice flowchart for how to buy a home, but I really couldn't find one.  Maybe that's a next up on a future post!  

Progress thus far:

  • We've made an offer
  • The offer has been accepted
  • Seller disclosure statement
  • Due diligence period
    • Home inspection
    • Appraisal
  • Loan approval (90%...but wait)
We've really made a lot of progress for our Aug 2nd close date. The biggest thing that I'm concerned with right now is the closing costs. The Loan originator that we're working with (Rocky Mountain Mortgage-Larry Fry) has been really great in educating us...but he's extremely high in closing costs. All told, we're going to be spending over 7k in closing costs with him for our 205k home. That's a little ridiculous, but I'm working on getting a second and third quote.

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