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Basics of Home Buying

Mortgage and Lending with Wells Fargo Home Loans
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.