All right, so you talked to a lender, they gave him all the documents and now you're qualified for $500,000 or $5 million, whatever you're ready to look at home. Either call me up and I go open them up for you whenever you want. Or you go on either Trulia or redfin.com which are two of my favorite consumer oriented real estate apps. We'd go look at the homes you've probably looked at around 20 or 30 of them. And then we write out offers once we get our offer accepted, you wire in an earnest money deposit, which is around 3% of the purchase price into an escrow account. That is only after you get your offer accepted. If you cancel, you get it back. Once we get into escrow, it closes in about 30 days. In those 30 days we do our inspections and re we do our inspections of the house.
We turned the house upside down and we look at the plumbing and the electrical. Look at the paint, the roof. We made sure that the house is in decent condition. If there's something wrong with it, then we try and ask for some money back. Oh, after that, your first mortgage payment is in 30 to 60 days after you close and boom, you're a homeowner. That's really it. I know it seems like a large, daunting process, but that's kind of the shape down of how it works. It's really easy. That's why you should call me and we should go look at some homes.