Basics of Home Buying

The Basics Of Buying A Home

If you know what to expect – and have a trusted team of real estate and mortgage-lending professionals guide you – finding and financing your first home can be an exciting and rewarding experience.

There’s great personal satisfaction in having a home you can call your own and pass on to future generations. We’re committed to helping you enjoy every benefit of home ownership.

Moving from “Renter” to “Owner” Is Easier than You Imagined

We offer a broad range of programs that help first-time buyers achieve your goals – including low- and no-down-payment programs, Purchase & RenovateSM loans, programs for credit-challenged customers and more! With a dedication to excellent customer service, we can tailor a program to your needs.

Here’s What You Need to Know:
Obtain Mortgage Preapproval Before You Begin House Hunting

Learn how much financing is available to you

Strengthen your bargaining position with sellers

Choose a Real Estate Agent

Ask mortgage lenders to recommend agents they work with

Select a reputable professional who’ll listen to your needs and make you feel comfortable

Ask agents for references from former clients

Find the Right Home

Determine the needs of you and your family

Create a wish list of desirable features

Take notes as you preview homes

Make an Offer

Your real estate agent presents your offer to the seller, who will accept, counter or reject it

When the price is settled, you and the seller sign a Purchase Agreement, defining the terms of the sale

Have the Home Inspected

Hire a professional home inspector after the offer has been accepted to provide an in-depth look at the basic systems of the house, to reveal any safety hazards and give you a chance to reconsider the deal

The Home Will Be Appraised

An appraisal, required by your mortgage lender, is a formal, written estimate of the home’s current market value

Obtain Title Insurance (where applicable)

This guarantees that the property you are purchasing is free of liens or confusion in rights of ownership

The policy insures against any losses to the property that result from defects in the title or deed

Close On the Property

Ownership of the property is transferred

A closing agent coordinates and distributes all the paperwork and funds

And you become the proud owner of your new home!

We’re ready to help. With a dedication to excellent customer service and a broad range of programs, we can tailor a mortgage to your needs.

Call me today for a complimentary consultation.

Brian Papaccio
Home Mortgage Consultant
Wells Fargo Home Mortgage
111 Continental Drive, Ste. 102
Newark, DE 19713
302.731.1400 Tel
800.390.8919 Toll-free

Apply online at my website ApprovedByBrian.com

1.Consult your tax advisor regarding deductibility of interest.
Information is accurate as of the date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2007 Wells Fargo Bank, N.A. All rights reserved.