Buying a house is a big commitment. Once you’re ready, we can explore your mortgage options and help you get pre-approved.
A real estate agent can make a big difference in the home buying process. The primary benefit real estate agents provide is consultation. An experienced agent will help you find the things that are important to you – the best school districts, amenities and resale values. There’s also a lot of paperwork involved in buying a home, and your agent is there to take care of much of it.
Once your offer has been accepted, closing the loan involves three stages: the home inspection, the appraisal, and the underwriting. While the home inspection and appraisal are happening, we will work on underwriting your loan. This is the process of verifying your income, assets, debt, and property details to issue a final approval for the loan.
Closing is where you’ll sign all of the mortgage paperwork. Before your closing, you’ll get a document called a Closing Disclosure, which will include a summary of the final costs of your loan. In most cases, you’ll also get to do a walk-through inspection of the property to make sure everything is in order. At closing, you’ll need to pay any closing costs and you’ll get the keys to your home.
When you have your home, you’ll make a monthly payment to your lender that will go toward paying back the amount you borrowed (the principal), plus interest. Your monthly payment may also include mortgage insurance.