What you need to know when buying a home...
Home Purchase Basics
Congratulations on your decision to buy an all-new home! There are many significant things to consider throughout the process, especially if you’re a first-time homebuyer. Here’s some information to keep you on track.
A home purchase may be your largest financial transaction to date, so it’s imperative to make the right decisions and keep an eye on the details. With the assistance of your Real Estate Agent and Loan Officer, it should be an efficient, pleasant, and ultimately rewarding experience.
Count On Your Real Estate Agent To:
- Preview available homes to weed out those that are overpriced, or undesirable in another way.
- Present the homes that suit your needs as you’ve defined them.
- Help you determine the difference between a "favorable buy” and a property that, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.
- Negotiate the most favorable deal for you. With a Pre-Qualification letter from us in hand, your Real Estate Agent can demonstrate that you are a qualified and capable borrower. This will strongly influence the seller, and may make the difference between the seller accepting your offer or someone else’s — even if your offer is lower!
Count On Your Mortgage Banker and Loan Officer To:
- Assist you in selecting the right loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
- Keep you informed of your loan status throughout the process.
- Keep your Real Estate Agent informed of our loan progress (Note: your personal information is always kept confidential between you and us; only deal points and progress are shared).
- Get the right loan for you at the best rates and fees. This will save you significant money “up front” and for years.
Count On Yourself To:
- Keep your Real Estate Agent informed of any questions or concerns as they develop.
- Keep the process moving by providing documentation and decisions as soon as possible. By doing so, many of the details are taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention.
- Enjoy purchasing your home, but remain objective throughout — to make the business decisions best for you.
- Make sure you are pre-approved as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.