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Home
Buyers' Tutorial
Home Purchase Basics
Terms of the Agreement of
Sale
Loan Approval
Process
Mortgage Glossary
Congratulations on your
decision to buy a new home! There are many important things to
consider throughout the process, especially if you're a first-time
homebuyer. Here's some information that will keep you on track.
In General....
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 Real Estate Agent and relationship manager, 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 some
other way.
- Present the homes
that suit your needs as you've defined them.
- Help you determine
the difference between a "good buy" and a property which, because of
its nature (neighborhood, market appeal, etc.), might have to be
discounted if you decide to sell in the future.
- Negotiate the best
deal for you. With a Pre-Qualification letter from our inhouse
lender in hand, your Real Estate Agent will be able to 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 Our
Inhouse Lender To:
- Assist you in
selecting the best 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 entire process.
- Keep your Real
Estate Agent informed of your loan progress (Note: your personal
information is always kept confidential between you and our inhouse
lender; only deal points and progress are shared).
- Get the appropriate
loan for you at the best rates and fees. This will save you
significant money "up front" and throughout the years to come.
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
reasonably 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 do remain objective throughout -- to make the
business decisions that are 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.
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