Five Step Home Purchase Process
Congratulations on deciding to buy a new home! This experience should be an exciting, stress-free journey provided you are proactive in your approach by getting pre-approved first. We know that may sound suspect considering the source, but we are willing to bet your Realtor will back us up on this. Technology has given everyone the ability to find homes for sale in just a few short seconds. But it’s important to remember that you aren’t the only one looking for their next home. The fast pace set by the “instant access” these technological tools provide means that you need to be able to move just as quickly to get that home under contract. Getting pre-approved ahead of time, before you even start looking for your new home, means you will be able to make an offer the moment you find a home you love.
By getting a Certified Homebuyer Pre-approval letter from the Family Mortgage Team allows you to make that offer with 100% confidence that you are fully pre-approved for the loan amount you need to buy that home. Too often we hear about home purchases falling through due to insufficient effort by the lender during the application process. Don’t risk the heartbreak that comes with losing the perfect home for your family by leaving it to chance!
While you are getting your documentation together to become a “Certified Homebuyer”, we start working on figuring out the numbers for you. We talk with you about pertinent details such as payments that you are comfortable with, how much money you have to work with for a down payment, what type of property you are thinking of and overall what is important to you about this. What makes you nervous?
From there we carefully put together some estimates and loan comparisons to show you various options. Some companies just try to fit you in a loan that is convenient for them…they don’t even bother to show you options. There are always options and depending on your goals, one loan typically will become the clear winner after some discussion. Our goal is to get you to that place of confidence so when you go to look for a home, you know what price range you can look in and what the payment will be therefore you can make your offer without hesitation. Once we finalize the numbers for you, we like to get together and walk you through everything, if possible, in person. If not, we have technology available that allows us to present it all to you via audio clip. Then after you have had a chance to listen, we spend some time together on the phone to answer all your questions.