Congratulations! Just remember that during this memorable month, having Omigod! I’ll be XXX,XXX in debt!!! constantly drumming through your mind is perfectly normal, as is suddenly not being able to breathe whenever you try to focus on upcoming details.
There have been many good suggestions, particularly making sure there is no mortgage prepayment penalty (hey, you never know when you’ll win the lottery).
My own suggestion is to spend an extra couple hundred dollars on a professional housing inspection BEFORE closing. Depending on the nature of the report, the present owner may make any needed repairs, or some re-negotiating may ensue. Remember, you’re in a bargaining position before you sign off on the deal - after that, you’re on your own. (Yes, there are exceptions, but I’m simplifying.)
And don’t panic when you discover something that needs to be fixed/replaced within a few days of moving in. I’ve never talked to a condo/homeowner that didn’t have to work through some kinks.
Oh, not to scare you, but with a house built in 1950, the electrical, plumbing and all the appliances are due to go belly-up about now, unless the past owners have been maintaining/renovating.
As everyone said to me, It’s not the initial expense, it’s the upkeep…
But yes, it’s worth it - if only for the wave of happiness that goes through me when I walk in the door.