Funding your home purchase

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

2. Underwriting

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

5. Funding

Lender reviews the loan package

Funds are transferred by wire

Why pre-qualify?

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: sheriwhite@kw.com. 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s