Buyer's Guide

If you're paying all cash you can skip this step, but the majority of people need a loan to purchase a home. Getting pre-approved is a very important part of the process. It not only helps you know what you can afford but it also lets the sellers know you are a qualified buyer. Find a good mortgage lender that advices you on the different types of loans, current interest rates, and how to get the best loan for you. A lender will examine your credit history along with your current financial situation and provide you with a pre-approval document that details how much you can borrow. Next step, find a real estate agent and start the house hunting process!

So you've decided to start looking for a new home, congratulations! First thing you need to do is make a wish list and set goals. Determine all of the important things to you and your family right now and into the future. How many bedrooms and bathrooms you require. What is your ideal square footage, acreage, and location. Another, and probably the most important factor to consider, is your finances. How much are you able to afford? The most accurate way to determine this is to speak with a mortgage lender.

After your offer is accepted, you'll sign the contract! Next (if applicable) are home inspections, appraisals, and finalizing all mortgage details (interest rate, down payment, and any other financial conditions associated with the closing). Once everything is satisfied, it's time to to close and get the keys to your new house. The closing process typically takes about 30-45 days.