I feel kind of embarrassed by my own ignorance here.

[kitewithfish]

So, I'm in the process of buying a condo, and I have realized in this process that I know really almost nothing about getting a home loan.

Also, this whole process of finding and applying to buy a condo, while it will eventually end in my being co-owner of a condo, is kind of hard on the ego, because I keep learning how I know basically nothing about how this works at all.

And I realize I'm in a position of immense privilege here! Financially and whole bunch of other ways, I really, immensely do!  AND part of my ignorance is that this is happening faster than I realized it was happening and I am feeling like I need to do a bunch of research on a deadline with no syllabus.

Like, I'm fairly certain the application process is not binding! and that if my nice local credit union is screwing me over, I will be able to figure it out! And at some point, people will carefully walk me thru the mortgage payments and it will all be predictable and hopefully I won't fuck up and get something awful, but DANG, this is a bit nerve wracking. 

 

Comments

[tei]

I have no idea how anyone is supposed to learn about this stuff! It's not like they teach you how to buy a house in school.

[kitewithfish]

I did get a book from the Better Business Bureau on the process, and skimming over it last night helped a lot. There are also a surprisingly large number of good guides, once I went looking.