• Costs can vary greatly from one real estate transaction to another.

• Discuss all possible expenses with your real estate specialist or lender prior to looking for a home to be able to anticipate the actual cost of your move.

• Get pre-approved for a mortgage – you’ll know exactly how much you can spend

  • Consider alternates to a fixed rate 30-year mortgage

  • 1-year adjustable mortgage

  • Multi-year fixed/adjustable mortgage

  • Balloon mortgage

  • Variable rate mortgage

  • FHA mortgage

  • VA mortgage

  • First-time homebuyers loans

  • Renegotiable rate mortgage

  • Contract for Deed

  • Lease Option

  • Wrap-around mortgage

  • Reverse annuity mortgage

• Decide which mortgage is most comfortable for you

• Ask your mortgage loan originator to assist you in making decisions about financing

• Earnest money/good faith Deposit (local practices vary, ask your agent)

• Provision for return of the Earnest Money under certain conditions

• Legal description of the property, address, lot number, city

• Price of the property

• Down payment

• Method of financing (Conventional loan, VA, FHA, Cash, etc.)

• Closing Date

• Occupancy Date (may be different than the closing date)

• List of what stays with the house

• Warranties in effect at time of purchase

• Peroration of Taxes (unless local custom is otherwise)

• Inspections

  • Termite/wood destroying

  • Whole house inspections

  • Lead Based Paint

  • Structural

  • Septic, Well, etc.

  • Any inspection which will assure you of condition

• Provision that the property be in same condition upon possession and broom clean

• Seller provides marketable, insurable title

• Any other special agreements

Being pre-approved for a mortgage prior to looking for a new home will provide strong benefits:

• You’ll know exactly how much you can spend on a home, saving you time and energy

• Your real estate professional can focus on your exact financial housing needs

• You’ll be positioned as a “cash” buyer, and sellers will know your offer is solid

• The seller may give you preference over non-approved buyers when more than one person is making an offer on the same home as you

• Make certain a written copy of your pre-approval accompanies any offer so there is no question in the minds of the sellers or their agents

• When you find the home you wish to purchase, there will be no doubt as to your ability to do so, saving you from stress and worry

• Free Loan Approval, Apply Now