| Loan Process
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Congratulations on your decision to
buy a new home! 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:
- Preview available homes to
weed out those that are overpriced, or undesirable in some
other way.
- Present the homes that suit
your needs as you've defined them.
- 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.
- Negotiate the best deal for
you. With a Pre-Qualification letter from Atlantic Bay
Mortgage Group 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 Mortgage Broker
and Loan Officer To:
- 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!)
- Keep you informed of your loan
status throughout the entire process.
- Keep your Real Estate Agent
informed of our loan progress (Note: your personal information
is always kept confidential between you and Atlantic Bay
Mortgage Group; only deal points and progress are shared).
- 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.
Count On Yourself To:
- Keep your Real Estate Agent
informed of any questions or concerns as they develop.
- 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.
- Enjoy purchasing your home,
but do remain objective throughout -- to make the business
decisions that are best for you.
- 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.
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