We were lucky to have a guest lender to write a short overview of the process of buying your first home!

 

Preparing Yourself to Purchase your First Home

There is nothing more exciting than buying your first home!  Regardless of your stage of life, this is one decision you want to approach very thoroughly.  Because there is so much involved in the home-purchasing process, I thought you would find this overview helpful.

The first thing to do is Relax!

Working with professionals should always put your mind at ease.  Communication between all parties involved in the real estate transaction – including you as the homebuyer is a must.  There are several professionals that you will interact with, your Realtor, Home Mortgage Specialist, Escrow Officer and Home Inspector all of which provide a different service and focus on achieving a successful closing.

The Benefits of a Mortgage Pre-Approval

One of the first steps of achieving home ownership is the mortgage planning process.  Completing a monthly spending planner is a good way to get started, so we can review your budget and learn how much you are eligible to borrow.  During the discussions we will review your income, employment, credit and assets, all of which are important details in qualifying for a mortgage.  This conversation will put your mind at ease and will introduce to mortgage products and interest rates.  It will help you make an informed decision about what is best for you.

The Home Buying Process

Once you have established what you can afford, you are READY to meet with your Realtor to focus on selecting the right property for you.

The Mortgage Application Process

Now that you have found your new home and your offer to purchase has been accepted, you are ready to finalize your mortgage application.  We will update your credit documentation and then we are on our way for final loan approval.

Thank for the Opportunity

The true reward of my position as a Morgage Loan Originator is serving people just like you.  All of US are committed to helping you understand your options and making your dreams of homeownership a reality.  Thank you for letting me be a part of finding your first home!

I look forward to hearing from you soon, so that we can add your success to story to our long list of satisfied customers.

Cynthia Rockwell

NMLS #307398

Direct:  310-467-5187

Cynthia.Rockwell@USBank.com

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