I'm a soon-to-be first-time homebuyer (just opened escrow). After 12 years of renting at constantly increasing rates, I'm very excited to start building equity instead of lining landlords' pockets.
I also think I got a pretty good deal on my mortgage, at a 2.99% rate with no origination fees or points. As I understand it, that's lower than the average mortgage rate has *ever* been in the US. I will be paying mortgage insurance since I wasn't able to scrape together a 20% down payment, but I got a deal on that too and the total monthly cost is within my budget.
Any advice or words of warning as I move towards closing over the next 3-4 weeks?
Submitted May 22, 2020 at 07:06PM by eruditionfish https://ift.tt/2Ty6hWa
