All About Caroline Farmer

Thursday, March 28, 2013

Tips for the First Time Homebuyer

Are you ready to become a home owner? Have no idea where to start? What should you do first? Should you get a realtor first? Should you get pre-qualified?? How much money do you need to put down?? SO MANY QUESTIONS.....

Where to start? Let's take it step by step:

1. See how much you can afford! Get pre-qualified by a mortgage professional Caroline Farmer at Kwest Mortgage Group. Submitting a prospective application only takes a few minutes over the phone.  The loan officer will need to get some personal information for you - Social Security Number, birthday, current address, income information, etc. We will then pull credit and let you know the amount that you can qualify for. At this point you are ready to talk with a realtor (don't have one? no problem! I know some great ones!!)

2. Get a realtor. Like I mentioned earlier, I would be happy to hook you up with someone awesome (honest, understand, etc). You can be upfront with your realtor on what you can afford. If you need a pre-approval letter, I can do one of those for you as well. Once your realtor helps you find your perfect home, they will assist you in making an offer. Once your offer is accepted, your loan officer will work with you to start processing your loan. 

3. Mortgage Approval Process. During this process, we will collect different types of documentation to submit with your loan. This piece can be tedious, but time is of the essence! It is important to work fast to obtain the required documentation for approval! Once your loan is submitted, there may be conditions that need to be cleared before closing. Again, time is of the essence

4. Closing. Yeah!! We made it! This is a great day for everyone involved. We can all meet at a your chosen respectable attorney's office and go through more paperwork!!! 

Closing a purchase transaction can be stressful and complicated at times. Working with a qualified mortgage company Kwest Mortgage Group can reduce this stress and make you feel at ease during this important time in your life! Please contact me if you ever need help with your home financing!!


Happy Spring! Happy House Hunting!!




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