Congratulations! I have 2 Brothers--one is from Amazon, but Walmart also carries it and the other is a 35 year old basic machine, both do a great job for me. I like the Brother on the shelf comment LOL! It's amazing how good a job these inexpensive machines do.
On using one for attaching binding. I have used both of my Brother machines to attach binding and find that with the Amazon/Walmart machine I often have to use a hand behind the presser foot to help the feed dogs move everything along because of the thickness unless I use the walking foot, then it manages nicely. The vintage Brother doesn't seem to need the help whether I use the walking foot or not.
Rob