Loan Programs
If you know what to expect – and you have a trusted team of real estate and a mortgage lending
professional to guide you – finding and financing your first home can be an
exciting and rewarding experience.
Here’s what you need to know:
Obtain A Mortgage Preapproval Decision Before
- You Begin House Hunting
- Learn how much financing is available to you and what price you are comfortable with
- Strengthen your bargaining position with sellers
Choose a Real Estate Agent
- Select a reputable professional who knows the market and will listen to your needs
- Ask a mortgage professional for a trusted referral
Find the Right Home
- Determine the needs of you and your family
- Create a wish list of desirable features
- Take notes as you preview homes
Make an Offer
- Your real estate agent presents your offer to the seller, who will accept, counter or reject it
- When the price is settled, you and the seller signa Purchase Agreement, defining the terms of the sale
Have the Home Inspected
Hire a professional home inspector after the offer
has been accepted to provide an in-depth look at
the basic systems of the house, to reveal any
safety hazards and give you a chance to reconsider
the deal. Typically, a Realtor will have someone who can be trusted
The Home Will Be Appraised
An appraisal, required by your mortgage lender,
is a formal, written estimate of the home’s
current market value
Obtain Title Insurance (where applicable)
- This guarantees that the property you are purchasing is free of liens or confusion in rights of ownership
- The policy insures against any losses to the property that result from defects in the title or deed
Close on the Property
- Ownership of the property is transferred. This is the easiest part of the process.
- A closing agent coordinates and distributes all the paperwork and fund And you become the proud owner of your new home!
Whatever your home financing needs, I’m ready to help with a broad range of programs and personalized service.
