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[quote=Anonymous][quote=Anonymous][b]I'm a millennial who never expected to be able to make a real estate purchase. [/b]Throughout my life, I've ignored any discussions related to buying a house. However, I've recently come into an unforeseen sum of money that might allow me to enter this realm.

How can I educate myself about buying a home, or more likely a condo? I'm struggling to comprehend even the initial payment. What exactly are closing costs? Additionally, would it be appropriate to inquire with my financial institution about the array of mortgage options available? It seems there's a flexible correlation between the interest rate and the initial payment amount, where one decreases as the other increases. Is it possible for me to approach my bank to obtain a range of possibilities? Would seeking this information result in a "credit pull"?

Sorry, I got off track. [u]My real question is: where do I find about all this?[/u] Is there a book that is considered the gold standard? Or a guide specific to Washington, DC? The options on Amazon all look like self-published BS or have few reviews. I don't want to sift through countless online articles from dubious sites who might be attempting to secretly market to me.  I'm ill-equipped to communicate with a real estate or bank representative, or whichever professional is the starting point. Ultimately, I'm seeking a resource that can provide insight into whether pursuing this avenue is even a viable consideration.

I beg your pardon to ask something so basic. And sorry for asking something that may have been answered before. Truth be told, I find it painful to read this board because everything here seems out of reach and overwhelming, so I don't have the stomach to search through threads. If my ignorance puts you off, sorry and please click past. Thank you, DCUM.[/quote]

Oh my god, I stopped reading after the first sentence. Stupid Millennial.[/quote]

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