Congratulations on your decision to buy a new home!
A home purchase may be your largest financial transaction to date, so it’s important to make the right decisions and to keep an eye on the details. With the assistance of your mortgage consultant and realtor, it should be an efficient, pleasant, and rewarding experience.
As you begin to work through the mortgage and home buying process, there are a few vitally important things to consider, especially if you’re a first-time homebuyer. Here’s some information that can help keep you on track:
YOU CAN COUNT ON YOUR MORTGAGE CONSULTANT TO:
- Help you to select the loan to meet your personal situation and goals. Making the best choice here can save you potentially thousands of dollars throughout the years!
- Keep you informed of your loan status throughout the entire process.
- Keep your realtor informed of our loan progress. Your personal information is always kept confidential between the two of us; only deal points and progress are shared.
- Find the appropriate loan for you with the best possible rates and fees. This can save you a significant amount of money, both up-front and throughout the years to come!
YOU CAN COUNT ON YOUR REALTOR TO:
- Assess available homes to weed out those that are overpriced, don’t fit your needs and want, or are undesirable in some other way.
- Present the homes that best match your needs and wants as you’ve defined them.
- Help you determine the difference between a home that is a “good buy” and a property which, due to factors like neighborhood, market appeal, etc., might reduce a valuation of the home if you decide to sell in the future.
- Negotiate the best deal for you. With a Pre-Qualification letter from us in hand, your realtor will be able to demonstrate that you’re a qualified and capable borrower. This fact can strongly influence the seller and may make the difference between accepting your offer or someone else’s — even if you offer less!
THINGS YOU SHOULD DO:
- Keep your realtor informed of any questions or concerns as they develop.
- Provide documentation and make decisions as soon as reasonably possible. By doing so, not only will you keep the process moving forward, you’ll help to take care of many of the important issues early on in the process. This will let you concentrate on any last-minute details or events that require your attention without the stress!
- Enjoy purchasing your home, but try to remain objective. You need to make the business decisions that are best for you – even if they’re difficult ones to make.
- Get preapproved as early as possible. This puts the power of financing behind you so you can concentrate on selecting the home of your dreams, not on worrying about the financial details.