1. Know Your Financial Standings
- What can you afford?
- How is your credit?
- What are your financial goals?
2. Get Prequalified
- Get a better idea of exactly how much you can spend and get prequalified for a mortgage.
- Providing certain financial information will allow your loan officer to get you prequalified.
- This will save you time and put you in a better position to make an offer on the house that is right for you.
3. Working with a Real Estate Professional
- A real estate professional can help with structuring your offer and avoiding pitfalls.
- They can help you explore your home ownership goals.
- Work closely with your real estate professional and your loan officer for a smooth process all the way from offer to closing.
4. Make an Offer
- Talk to your real estate professional when you are ready to write a contract.
- Your loan officer can assist you in preparing an offer that best suits your financial budget.
- Your loan officer can help with information about down payment and closing costs.
5. After the Offer is Accepted
- Contact your loan officer so they can walk you through the process to finalize the loan application.
- Your loan officer will order appraisals and inspections, and give you options in selecting homeowners' insurance and finding a settlement agent.
- Your loan officer will gather any additional documentation and finalize the paperwork to ensure a smooth closing.
6. Closing Day!
- Enjoy your new home!
- Refer your friends and family to Old Point Mortgage!