Home Purchase Basics
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.
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 Residential Mortgage
, it should be an efficient, pleasant, and ultimately rewarding experience.
Count On Your Real Estate Agent To:
Count On Your Residential Mortgage Banker 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 us 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
Count On Yourself 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 our loan progress (Note: your personal information
is always kept confidential between you and us; only deal points and progress are
- 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.
- 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
- 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.