GET TO KNOW YOUR TEAM
This is your team. Each of us has a particular aspect of the home buying process covered.
REAL ESTATE AGENT
Previews and presents the homes they hope will suit your personal needs and goals.
Helps 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.
Negotiates a competitive deal for you. With a Pre-Qualification letter from us, 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!
MORTGAGE LOAN ORIGINATOR (US)
Assists you in selecting a competitive loan to meet your personal needs and goals.
Leads the process in obtaining your loan at competitive rates. This will save you significant money up front as well as over the years to come.
Keeps you informed of your loan status throughout the entire process.
Keeps 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).
YOU
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.
Make sure you are pre-qualified as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.
Enjoy purchasing your home!
Know What You're Looking For
There's nothing wrong with dreaming big! But in order to find a home that works for you, your family, and your budget, it is important to be realistic about your needs. Determine how many bedrooms you must have. Ask yourself what amenities you would like to have verses the ones you can't live without. How far are you willing to commute to get to work? Once you narrow down your needs, the process of searching for a home will become much easier.
Know What You're Looking At
One of the most important things you can do prior to purchasing a home is to have it thoroughly inspected by a professional. The majority of states require that sellers disclose any potential or known problems with a home. However, the homeowner may not always be aware of problems or reveal everything they are aware of. This is why it is highly recommended that you have a full home inspection performed. This will alert you to any problems that may affect the structure of the home or any other problems that may not have been disclosed.
Consider the Costs
In addition to the monthly mortgage payment that you will be responsible for, you should also consider the other expenses associated with owning a home. These expenses include property taxes, HOA fees, utilities, and other miscellaneous expenses. All of these expenses can put a strain on any budget. To ensure that you are financially prepared take the time to put together a rough estimate of all the expenses associated with home ownership.
Understand Your Loan
The advertised interest rates for most loans are often different than the rate you are eventually presented with. In finances, the numbers can be in flux throughout the process. In addition to interest rates, homebuyers should also be prepared for PMI (private mortgage insurance), points, and closing costs that add additional fees to your total. A loan officer can help explain everything that is included in your mortgage and minimize the risk of being caught off guard.
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