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The Condition of Your Home

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Besides the type of home you want, you need to think about its condition. Do you want to be the first person ever to sleep under its roof, or would you rather live in a house with history? Newer homes have modern central systems (heating, cooling, plumbing) and appliances, and they're more energy efficient. Older homes often exhibit character and charming period details. A newly built house comes with a warranty that protects you if certain repairs become necessary, but you might be able to save some money by buying a fixer-upper, rolling up your sleeves, and getting to work.

Read the fine print on your home warranty. Warranties sometimes offer less coverage than you might expect.

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  • Compare homes

    Shopping for a home is a lot like dating. It can be fun, and you might fall in love.

  • Shopping on the Internet

    Looking at homes online is a great way to acquaint yourself with what's on the market.

  • Working with a mortgage broker

    If you choose a mortgage broker, you work directly with her and she works with the lender.

  • Do the paperwork

    Read on to learn about the paperwork involved in a typical loan application.