Home Loan Basics

A home loan 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.

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.

Count On Your Real Estate Agent To:

  1. Negotiate the best deal for you. With a Pre-Qualification letter from us 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.
  2. Preview available homes to weed out those that are overpriced, or undesirable in some other way.
  3. Present the homes that suit your needs as you’ve defined them.
  4. Help identify a home purchase that fits your short and long term needs.

Count On Your Loan Officer To:

  1. Assist you in selecting the best home loan to meet your personal situation and goals. This single decision can save you thousands of dollars throughout the years.
  2. Keep you informed of your loan status throughout the entire process.
  3. Keep your Real Estate Agent informed of our loan progress. Your personal information is always kept confidential between you and us; only deal points and progress are shared.

Count On Yourself To:

  1. Get pre-approved as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.
  2. 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.
  3. Keep your Real Estate Agent informed of any questions or concerns as they develop.
  4. Enjoy purchasing your home, but do remain objective throughout – to make the business decisions that are best for you.