Stressed out, mortgages suck

[Lindsey]

Originally Posted by Janet

I wish I could help you Lindsey, but this kind of thing is something I just do not understand. I hope you can get it all worked out.

That makes two of us! Three if you count Scott lol. Five if you count my parents. Heck, my whole family can't help me with this! The only person I know who has been through this recently is Kyle who bought a house last year, but apparently I ripped his heart out and he holds that against me
At least I can feel good about myself when (if!) I get through this all!

[DianaB]

Go into your bank and ask them to explain it all to you. Make sure that each time you go in you talk to the same person so they understand what you're dealing with and you don't have to explain it over and over. They should help you understand all of this. Lawyers just talk lawyer talk that you can't understand. Make sure that you understand exactly what they're telling you and ask questions. They know that it's your first time for all of this.

[Marilyn]

Lindsey, all I can do is wish you well. I don't have a clue about this kind of stuff. Maybe Gina will check in and see this thread. I'm sure she would have some idea what is going on.

[judy]

I took my SIL with me when all of this was decided. My loan was for the closing fees, taxes for the year, insurance for the year, and of course, the mortgage.

I paid the down payment because I had the money. My daughter and SIL included their down payment in their loan.

Diana is right. Go sit down with the same person until you understand it. Makre sure they figure out how much you wll be paying monthly to the bank, including whatever you want, like insurance and real estate taxes. Then decide if you can afford it, or if you want to pay it up front. Don't forget to include the condo maintenance fees and utilities when you figure out you monthly costs. You can play around with what you take in your loan and what you pay up front to make it more affordable/month.