Remove Bankruptcy Remove Closing costs Remove Inspection contingency Remove Loan Officer
article thumbnail

21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Don’t forget about closing costs.

article thumbnail

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

But things do happen: If you lose your job in the process of closing, disclose that as soon as you can (if you don’t, you could be committing mortgage fraud). If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase.

Closing 105