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 home buyer. 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 Loan Officer, it should be an efficient, pleasant, and ultimately rewarding experience.

Count On Your Real Estate Agent To:

1. Preview available homes to weed out those that are overpriced, or
undesirable in some other way.
2. Present the homes that suit your needs as you’ve defined them.
3. 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.
4. Negotiate the best deal for you. With a Pre-Approval letter in hand,  you will be able to demonstrate that you are a qualified and capable borrower. This is essential as the Seller will require the pre-approval letter to even consider your offer

Count On Your Mortgage Broker and Loan Officer To:

1. 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!)
2. Keep you informed of your loan status throughout the entire process.
3. Keep your Real Estate Agent informed of your loan progress
 (Note: your personal information is always kept confidential between you and us; only the loan progress are shared).
4. 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:

1. Keep your Real Estate Agent informed of any questions or concerns as they develop.
2. 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.
3. Enjoy purchasing your home, but do remain objective throughout the entire process to insure that you are making well informed business decisions that are best for you.
4. Make sure you are pre-approved before starting your home search. This will put the power of financing behind you so you can concentrate on finding your home.

Please contact us today at 818.594.0441
We look forward to helping you!