Bad news, good news...our landlords called us the other night and told us they needed to sell the house, the good news is since interest rates are so low we might be able to buy the house!! I spoke to a mortgage broker yesterday and she reasured me that there is a loan out there for everyone!
What I want to know is aside from the cost of the house, the taxes, and the mortgage insurance--what are all the other costs? What is everything involved in closing fees? Title insurance? Can all of this be rolled into the loan? Any hidden costs? We do not have a down payment--but we do have parents willing to help out if necessary. Also we expect a very fair price from our landlord (being good tenants for 10 years has it's rewards!), our landlords are lawyers and if they can sell the house to us they will not need to use a realtor (he said something to me like we'd split the cost...)
Anyway, all you homeowner's out there--I welcome your advice...Rgal, I'm guessing you can tell me all the fees...