[zerioustt]

Originally Posted by CobaltGrl

but like I said, based on the type of loan he gets and what programs he qualifies for he can have all his taxes and insurances(home owners, flood) paid by the lender then held in escrow so he just repays it through his monthly mortgage payment.Also, like Drew said, its good to have a nice down payment when purchasing a home and a good credit score, it makes things a lot easier.

only thing i disagree with is the downpayment, unless your putting 10% down dont bother. there going to def wanna see a savings account and any other money you have invested. down payment isnt everything, but savings and good credit is. we just about payed our closings from money back from the sellers. say you go into buying a house for 200k and its worth that money, tell your real estate agent you want as much closing cost money back as possible. say you get 3k back from them for closing, that means in essence there selling the house at 197k. if there a good agent they will fight tooth and nail for you, if not find another agent. im closing on a house feb 23 and we got 4k back for closing costs and are only putting up 2800 for downpayment and rest of closing costs due at settlement. get a lawyer also, we got a good deal in 600 bucks for everything. there a joy to have. they do alot like after the home inspection they go to the sellers with your demands of things to be repaired and also read over your contract so you dont have to. home ispection runs you about 300 and also appraisal of the home which is around 800 i believe. just some things to be aware of so you can save up or put aside. if you have anyother questions hit me up, like i said im in the thick of it right now. good luck and def buy its like making and investment.