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![[1.75 inch Equal Housing Opportunity Logo]](_borders/fheo175.gif)
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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 homebuyer. 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:
- Preview
available homes to weed out those that are overpriced, or undesirable in
some other way.
- Present
the homes that suit your needs as you've defined them.
- 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.
- Negotiate
the best deal for you. With a Pre-Qualification letter from Steel
Rainbow Mortgage Professionals, Inc. in hand, your Real Estate Agent
will be able to demonstrate that you are a qualified and capable borrower.
This will strongly influence the Seller, and may make the difference
between the Seller accepting your offer or someone else's -- even if your
offer is lower!
Count On Your Mortgage Broker and Loan
Officer To:
- 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!)
- Keep you
informed of your loan status throughout the entire process.
- Keep your
Real Estate Agent informed of our loan progress (Note: your personal
information is always kept confidential between you and Steel Rainbow
Mortgage Professionals, Inc.; only deal points and progress are
shared).
- 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:
- 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.
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