Quote:
Originally Posted by ddmhughes
Will the banks guide me through the process or leave me on my own is the big question? Personal note: I hate dealing with banks and I am very nervous about dealing with them on an issue that I am very uneducated on.
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Please, BEFORE you buy a house, get educated on this topic. Yes, your agent and the bank will guide you through the process, but that does NOT mean they will have YOUR best interest at heart. For them (especially the bank) it is strictly a business deal which means they look out for themselves and their financial interests trumps yours. Buying a house is a multi-step process with lots of transactions and lots of places to get screwed over if you don't know what is going on. A house will be one of, if not the, single biggest purchases you will make in your lifetime. Get educated about the process and the potential traps!