Home Purchase Basics
Buying a house and financing your new home
Congratulations on your decision to buy a new home!
When you start down your path to home ownership, it can be a rocky journey. However, there are plenty of experts in the real estate field anxious to help you reach your final destination. There are many important things to consider throughout the process, especially if you're a first-time home buyer. Here is some helpful 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
You should should have open lines of communication with your realtor. The best agents will help you:
Count on Your Mortgage Loan Officer.
The best mortgage loan officers will ensure that you are always up to date on the status of your loan and will work to secure the best terms.
Count on Yourself
Needless to say that throughout the entire process, you have a little "skin in the game". Accordingly, you'll want to be sure to do your part so that the entire home buying process goes as smoothly as possible and everyone continues to stay on the same page. So, how can you help?
- 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.