It’s essential to make sure you understand the various steps involved in buying a home.
1. Contact a Mortgage Loan Officer to get you Preapproved for a Mortgage
2. Contact your Real Estate Agent and discuss what you are looking for
3. Narrow down your preferred locations, school districts etc.
4. Ask your agent to schedule showings.
5. Pick the property and the offer price.
6. Ask your agent to put in an offer .i.e. submit contract
7. If offer not accepted, go back to step 5 above.
8. Once offer accepted, arrange for a home inspection.
9. Your agent will work with title company for all documents and arrange for closing date.
10. Send in the escrow amount and the option fee to the title company
11. Get a home appraisal (needed only if bank valuation is expected to be lower)
12. Contact your Mortgage loan officer to apply for the loan.
13. Loan officer will work with bank/s to get you the options for rates and lock it in.
14. Submit all documentation to the bank/loan officer (paystubs, tax returns etc)
15. Once loan is approved, you will get a tentative closing disclosure.
16. The title company will manage and coordinate all documents to/from all parties.
17. Ask the Seller for repairs or credit.
18. Do a final walkthrough.
19. The title company will arrange a location for you to close, or give remote close option.
20. Close.
Copyright © 2023 4 Lights Financial - All Rights Reserved.
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.