Financing? Don't Worry! We can help!
Could it be possible there is an easier more effective way?
When purchasing a home, I firmly believe that the first step is to find a reputable real estate agent. To make this crucial decision, it's essential to read reviews, seek recommendations, and conduct an interview with the agent to ensure that their knowledge, experience, and personality align with your specific preferences.
Following this, it's advisable to request your newly selected agent to recommend a hyper-local lender. This lender should possess a deep understanding of the local real estate market, maintain a proven track record, and be readily available to address any questions or concerns that may arise during the process.
Subsequently, it's wise to establish a clear timeline for your desired move-in date. Your agent will then assist you in developing a budget, creating a list of your essential needs, and compiling a list of your desirable wants. With this groundwork in place, you'll be ready to begin your search for potential homes.
These initial steps mark the exciting beginnings of your home-buying journey. Feel free to reach out to us at 360-461-1922 to get started!
Get Pre-Approved
The process. Knowing the process will help you have peace about purchasing a home. Typically, the first step in buying a home is to select a hyper local Realtor that will help you find a lender that meets your needs. The lender will then discuss with you all facets of a home loan and help you with your approved process for purchasing your home. Your lender will typically request several documents includes a credit report, income statements, Federal Tax Returns, and recent bank statements. There are a variety of different loan programs and part of a lenders job is to help you find the loan that suites you best.
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
