Buying your first home can be one of the most exciting
times in your life! It can also leave you with a
thousand questions and some anxiety. Our team at
Marlborough Savings Bank has helped thousands of
first time homebuyers make the transition from renter
to owner a gratifying and painless process. We'll
walk you through the myriad of topics including:
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Down payment requirements
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Applying and qualifying for a mortgage
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Finding the right home
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The importance of a home inspection
- How property value is determined
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Appreciation and depreciation
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When and why an attorney should be contacted
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The negotiation process
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Simple terms to add to an 'offer to purchase'
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Protecting your deposit
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Purchase and sales agreements
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Title examinations
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What to expect at closing