We are thinking about buying a home in the very near future. I have no idea how this process works, and have a lot of anxiety about it. Can anyone give me a very nice, calm, and reassuring description of how this whole thing goes? Our main issue is that the down payment is coming from a relative through a trust, and I've heard that can cause problems.
Should we use our local bank or go through an online mortgage company? We just want a 30 year traditional mortgage, and would only be financing about 60k. DF makes 35k, I make 20k on paper (my job has a very odd tip allocation process with the IRS, in reality I bring home more than DF), and I receive 500/month in child support. Our only debts are 17k car, 14k student loans, and 2k credit card.
(We found a beautiful mini-farm, in our price range, surrounded by organic farm fields and very close to family and friends. Trying not to get too excited!)