Mortgage Process & Closing Costs

Begin the mortgage process: There are a number of advantages to beginning the mortgage process before you look at your first house. You know your price range. If there are multiple bids on a property, your offer can stand out because you are already prequalified. It gives you peace of mind knowing that you are approved. The cost to begin the mortgage process is only about $65. Also, you are not obligated to the mortgage company until you sign the papers at closing. Therefore, you can always change if there is a better deal elsewhere.

Search systematically for a home: Develop a realistic list of what your needs and wants are. It's hard to know what a realistic expectation is until you've had an opportunity to see what's available.