Published On Dec 15, 2015
This video is essential for every first time home buyer and it's a great refresher even if you've purchased a home before.
From searching for a home to understanding the mortgage closing process this video will help you navigate the process like a boss!
Want more? Our New Home Buyers Guide Workbook & Course will walk you through all 9 steps of the home buying process. Get them at https://www.newhomebuyersguide.net
Here's an overview of everything in the video:
Intro - 0:01
What You'll Learn 0:29
Fun Fact - 1:03
I've ABSOLUTELY been right where you are
STEP 1 Apply for a Mortgage - 1:32
Get preapproved before you go house shopping
STEP 2 -Make An Offer - 4:29
Price & Contingencies - Offer, Counter, Accept
STEP 3 - Escrow Period - 7:07
Period between Accepted Offer and Closing
- Secure A Mortgage - 8:08
- Home Inspection - 8:51
- Address Contingencies - 10:07
- Get Insurance - 10:38
- Closing - 12:32
Closing Costs - 13:27
Monthly Mortgage Payment - 15:45
- Principle - 16:30
- Interest - 17:00
- Escrow Account Contributions - 17:41
Rookie Mistake - 21:17
Outro - 22:28