Do you know the steps necessary to fund your next home purchase? The world of real estate purchasing and funding have changed dramatically just in the last year or two. Let me be your resource and help you navigate your way through the maze. Here is a simply list to help explain the loan process in buying a new home. Please contact me for deeper explanations and assistance in finding the right lender and the right home.
1. Financial pre-qualification or pre-approval
Application & interview
Buyer provides pertinent documentation, including verification of employment
Credit report is requested
Appraisal scheduled for current home owned, if any
Loan package is submitted to underwriter for approval
3. Loan Approval
Parties are notified of approval
Loan documents are completed and sent to title
4. Title Company
Title exam, insurance and title survey conducted
Borrowers come in for final signatures
Lender reviews the loan package
Funds are transferred by wire
We recommend our buyers get pre-qualified before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes
beyond your means.
I hope this helps answer a few of your questions. If you need more information please visit my website: www. Sheriwhite.com or call me at 608-333-3334. You can also send me an email at: firstname.lastname@example.org. I can be your new real estate resource from buying to selling, new construction or existing homes. I am here to assist you and make home buying a pleasurable experience.