Home Buying Basics

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Mortgage and Lending with FHA, VA, Jumbo, Downpayment Assistance, Conv. NMLS #276329

 

Home buying basics - 100% Financing

 Congratulations on your decision to buy a new home - Home Buying Basics! 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.

In General.....

 A home purchase 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.

Count On Your Real Estate Agent To:

  1. Preview available homes to weed out those that are overpriced, or undesirable in some other way.
  2. Present the homes that suit your needs as you've defined them.
  3. Help you determine the difference between a "good buy" and a property which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.
  4. 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!

Count On Your Loan Officer To:

  1. Assist you in selecting the best 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 (Note: your personal information is always kept confidential; only deal points and progress are shared).
  4. Get the appropriate loan for you at the best rates and fees. This will save you significant money "up front" and throughout the years to come.
  5. Know of the various programs available to you:  FHA, VHDA, USDA, Jumbo, 100% Financing, Convential, 80/15/5 loans.

Count On Yourself To:

  1. Keep your Real Estate Agent informed of any questions or concerns as they develop.
  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. Enjoy purchasing your home, but do remain objective throughout -- to make the business decisions that are best for you.
  4. Make sure you are pre-approved as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.
  5. You have just masterted the "Home Buying Basics", Stay tuned for "Home Buying Advanced" coming soon!
 
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Lisa Perry, Senior Loan Officer

"Your Northern VA Mortgage Specialist"

540-273-2733

NMLS ID #86548 / 276329

Email:  LPerry@fhmtg.com

Apply on line:  LisaPerrryLoans.com

 

 

 

 

 

 Proudly Serving Washington DC, Virginia & Maryland

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Topic:
Home Buying
Location:
Virginia Stafford County
Groups:
Active Rain Newbies
Realtors®
Tags:
fha
jumbo
100 financing
va
home buying basics

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Rainmaker
116,666
Margo Currie
Exit 1 Stop Realty - Saint Augustine Beach, FL

Thanks for this post. I'm going to share it with my daughter, who is currently in the process of buying her first home.

Sep 05, 2011 04:49 PM #1
Rainer
201,975
Richard D. Chapin
Arizona Elite Commercial - Payson, AZ
PLLC - Commercial Real Estate

Exllant points to remind buyer they are part of the process to and need to stay on top of as well.

Sep 05, 2011 06:18 PM #2
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Rainmaker
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Lisa Perry - NMLS # 276329

Northern VA - VHDA, 100% Loans - Jumbo Loans
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