Offered a job downstate. Want to buy. Unsure of what everything means.
Hello Everyone,
So I was offered a job about 2 hrs south of where I live currently. My wife and I would like to buy since we have animals and we're getting to the point were kids are in the near future. Here's the thing.
I don't know anything about buying a house.
Here's a few questions I have come up with.
1. When u finance through someone (whomever it may be) do they just give you a huge loan? How does that work?
2. The down payment, is that out of my pocket or does the financing institution pay that up front?
3. What's a decent interest rate?
4. How do we go about getting the house inspected (since I'm sure it needs to be)
P.S. Does the fact that I'm in the military mean anything?
I have more but I'll start simple.
Thanks in advance
Rick