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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

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The mortgage loan process is pretty messy! Follow the list, and you’ll save yourself a lot of headaches and make the mortgage loan process a lot smoother. You’ll sign your loan application for the final time at closing. Businesses have expenses, which eat into how much you take home and have available to spend on a mortgage.

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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

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Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. In addition, you usually pay certain fees to close on the home, called closing costs. Consider your closing costs.

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Uprooting for Work? Here’s How to Negotiate a Relocation Package

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Closing costs: Between 6% to 10% of home sale price. Some relocation packages offer a relocation mortgage , a loan that allows your employer to make financial contributions to your mortgage in various ways. Ask your employer’s HR department if they have a relocation policy or benefits to offer.

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