(((Never)))) How exciting!! Be careful through lenders...Always make sure you go through someone that you can trust and check their records with the BBB. I am a real estate paralegal and see so many people enter into mortgages without having any idea what they have gotten themselves into....its sad.....foreclosure rates are at their all time highs....
Also, from my own personal experience, I wouldn't enter into an adjustable rate mortgage (ARM) because you can't tell when your house payment could more than double. I know the rates are lower now on an ARM but they won't be for long and in the long run. Be firm with the mortgage company because alot of them will try to charge you "fluff" fees.
Oh lordy......I'm sorry......I'm done. i am so excited for you and can tell you've done your homework! I just get so nervous from what I see on a day to day basis....i'm done offering my piece. Just PM me if you ever have any questions.