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What Do You Need To Bu? A Hous?? Arranging necessary ?nances and loans is a paramount task before you call yourself a proud owner of a House. here is a checklist of what all you need in order to buy a house. Pre - Approval For Mortgage Earnest Money You need to obtain a mortgage pre-approval from the mortgage lender in case you are not considering to buy the house on cash. It is the money paid to the seller showing the buyer’s good faith in the transaction and also to confirm the contract. Down Payment Money Closing Costs Money It is the initial payment made when something is bought on credit. It is only percentage of full purchase price which your mortgage lender can help you determine. Closing costs run up to 2-3 % of the loan amount. They can vary from one loan to another and also from one lender to other. Money For Home Inspection A Real Estate Lawyer Money is required for hiring a home inspector who would harness valuable information about the condition of the house. The lawyer will get the necessary legal formalities for the contact done and would also review the contract of the home seller. www.kathygaitan.com 3901 E. Stan Schlueter Loop, Suite 101, Killeen, TX 76542 Phone: (254) 541 - 5189