Tampa homebuyers...ever just think "Ug...the process is too much!" Many home buyers, in Tampa and throughout Florida, like to have a plan when going through the process of qualifying for a mortgage and buying a home. There is so much information available on mortgages, but sometimes it is just too much for a consumer to sort out on their own. When my customer is a first time home buyer, I can anticipate they like to know what to expect from the home buying process.
I will never forget one experience I had with a gentleman that was referred to me by a past client. He was 36 and had lived with his parents his whole life. He made good income at his job and was sure he was finally ready to buy a home. After the closing he said, "Leah, if I would have known buying a house and getting a mortgage was going to be this simple, I would have done it a long time ago. I was just nervous and didn't understand the whole process". Hence, my roadmap for the homebuying process.
Here Are the Simple Steps for Getting a Loan and Buying a Home in Tampa:
1. Call your local mortgage expert to discuss your options
2. Sit down with your mortgage consultant and discuss your current financial situation
3. Obtain a mortgage credit report with your lender and review the information provided for accuracy. In some cases, you may need to put in a little bit of work on this step, but the result will be a better loan program.
4. Determine what price range for homes is for you. Make sure you have established a "comfort payment" with your lender and you stick to your budget.
5. Review your available cash to close
6. Review down payment assistance and closing cost options
7. Obtain loan approval from your lender
8. Begin your home search
9. You make an offer on a home and it is accepted
10. Appraisal and inspections are completed
11. Your loan documents are prepared and sent to the title company
12. You sign your documents
13. You receive your keys and move in
14. You rave to all your friends, family and co-workers about how easy your Tampa home loan professional made the whole process
With a good plan, anything is possible. If you are ready to start your home buying plan, contact your Tampa Mortgage Expert, Leah Ross.
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To read more articles on the mortgage process, please click to visit my Tampa Mortgage Blog.
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