Quote:
Originally Posted by nikuman
or at least become a member of the land-owning class in the next month. I'm in the middle of trying to close on a house in Houston. Notwithstanding the fact that I've done tons of power plant acquisitions at work (which in theory is like buying a house, only with 100 times the paperwork), I'm a bit nervous as a first time home buyer. Any particular pitfalls that the collective wisdom here recommends I watch out for in the closing/mortgage process?
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In Texas title companies and their fees are regulated by the state so the line items you see on your TIL should be fairly standard. The main thing to watch out for IMO is the builder "value adding" stuff like home warranties, etc. that they will mark up like crazy. Also, don't let the builder try to force you to use their in-house lender or title company. It's illegal in Texas but they do it all the time.