| 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 First American
- Mortgage 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 First American Mortgage; 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.
Find out how much you can buy right now by calling the First American Mortgage Approval Center at 1-866-744-1776
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