Home Buying Basics
What you need to know when buying a home…
Congratulations on your decision to buy a home! There are many important things to consider during the process, especially if you are a first-time home buyer. Here is information that will keep you on track.
Buying a home can be your largest financial transaction to date, so it's important to make the right decisions and pay attention to the details. With the help of your real estate agent and loan officer, it should be an efficient, enjoyable, and ultimately rewarding experience.
Count on your real estate agent to:
1.- Obtain a preview of available homes to eliminate those that are overpriced or otherwise undesirable.
2.- Present you the homes that adapt to your needs as you have defined them.
3.- Help you determine the difference between a “good buy” and a property that, due to its nature (neighborhood, market attractiveness, etc.), may have to be pulled if you decide to sell in the future.
4.- Negotiate the best agreement for you. With a prequalification letter from us in hand, your real estate agent will be able to demonstrate that you are a qualified and capable borrower. This will have a big influence on the seller and can make the difference between the seller accepting their offer or someone else's, even if your offer is lower!
Count on your mortgage banker and loan officer to:
1.- Help you select the best loan that suits your situation and personal objectives. (This one decision can save you thousands of dollars over the years)
2.- Keep you informed of the status of your loan throughout the process.
3.- Keep your real estate agent informed about the progress of our loan (Note: your personal information is always kept confidential between you and us; only deal points and progress are shared).
4.- Obtain the right loan for you with the best rates and conditions. This will save you a significant amount of money “up front” and for years to come.
Count on yourself to:
1.- Keep your real estate agent informed about any questions or concerns that arise.
2.- Keep the process moving by providing documentation and decisions as soon as possible.
is reasonably possible. In doing so, many of the details are taken care of early in the process so that
You can comfortably focus on any last-minute details or events that require your attention.
3.- Enjoy buying your house, but be objective at all times: make the best decisions
comerciales para usted.
4.- Make sure you get prior approval as soon as possible. This will allow you to have the
financing ready, so you can focus on selecting your home.
