The standard homebuying advice is “only buy as much home as you need.” Makes sense, right? If a newly married couple is shopping for their first home, for example, a two-bedroom bungalow might be a smarter choice than a four-bedroom ranch house.
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Anyone who has bought a home will tell you: it can be a long, drawn-out process. Sometimes what seems like a done deal, even going into escrow, can backfire and you have to start shopping for a home all over again. For the sake of your finances and your loan, hold off any moving plans until all the closing documents are officially signed.