family or friends, this must be cleared with the lender earlier in the home-buying process, otherwise these amounts can be considered as debt. • Be careful about your employment. If you suddenly change jobs or switch positions during the home-buying process, the lender might call the whole thing off, as the original deal was made with your employment and level of income in mind, especially if the move from full time to part time, or from a salary to a commission-based income.
AFTER YOU SIGN PAPERS
You’ve signed the papers. The deal is done. The house is officially yours. What now? This is the best part. Now you take the keys, and start moving into your new home! Now you get to put the home-search and home-buying process behind you, and start focusing on what’s ahead: homeownership in the property you want, at a price you can afford. The excitement of organizing for the move is here, and after you’ve moved in, you can finally relax and enjoy your new home.
HOW TO GAIN AN ADVANTAGE
Real estate agents are expert closers. They’ll give you all the information and walk you through all the steps of the important closing process to protect yourself and ensure everything is good to go before you sign your name on the dotted line.
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