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There is so much that's confusing about the home buying process as a first-timer, and all I can really do (beyond writing articles like this one) is absolutely promise that an attentive real estate agent and a knowledgeable mortgage broker will be your lifelines. You'll be surprised how much you learn about earnest payments, escrow and amortization in that month or so it takes to close. Definitely more than you paid attention to in college accounting, I'll tell you that much.
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