MORTGAGES

Q: When applying for a mortgage, should I use my savings to pay off other debts, or is it better to keep the debt and use my savings toward the down payment?

INSPECTIONS

Q: Is there a specific checklist for a Home Inspection?

A: I guess it depends on  your state's laws. In SC, a licensed inspector neds to complete a thorough questionnaire detailing the state, functionality and/or needed repairs for the structure, the roof, the windows, the electrical system, the plumbing, the A/C and heating system, the appliances, the foundation, the lot (i.e. grading), etc. Many inspectors include more than the minimum required...
I would recommend you ask for quotes from different inspectors, and ask to see a copy of their reports. A couple of things I look for in an inspector (in addition to lincensure, experience, responsiveness, etc.) is their ability to include pictures on their report showing the problems/damages, and their ability to send me their report digitally (and quickly). This helps my clients in determining whether there are major issues and to write a Repair Addendum for the Seller...