the mortgage broker says that all i have to do is sign some papers wait for a closing date pretty much that’s it the house is mine. But from what i read on the internet the house needs to be inspected which cost 300-500 need to be appraised right?? there’s like a whole process but i just need to know like all the cost involved to how much money i need upfront PLEASE HELP ME !!!!!!! THANKS
Honey, you need to go back to your mortgage broker and ask him to explain everything from the beginning. You said ,that you sign all the papers and still don’t know what is your down payment or your interest rate and how much are your closing costs?
This is his job to spend as much time with you as you need ,to understand the whole process.If he refuse to talk with you or provide you with the copies of the papers you sign- WALK AWAY from this broker, because he is not the right person to work with.
I’m sick and tired to hear about people like your broker who take advantage from innocent people who are learning about mortgages and afraid to ask the question.