Congratulations on
your decision to buy a new home! There are many important things to
consider throughout the process, especially if you are 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 is important to make the right decisions and to keep an eye
on the details. With the assistance of your Realtor and Loan Officer,
it should be an efficient, pleasant, and ultimately rewarding experience.
Count on your Realtor to...
1. Preview available homes to
weed out those that are overpriced, or undesirable in some other way.
2. Present the homes that suit
your needs as you have defined them.
3. Help you determine the difference
between a "good buy" and a property which, because of it's
nature (neighborhood, market appeal, etc.), might have to be discounted
if you decide to sell in the future.
4. Negotiate the best deal for
you. With a Pre-Qualification letter from Village Bank Mortgage in
hand, your Realtor 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 over
someone else's - even if your offer is lower!
Count on your Mortgage Broker and Loan Officer to...
1. 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!)
2. Keep you informed of your loan
status throughout the entire process.
3. Keep your Realtor informed
of our loan process. (Note: your personal information is always kept
confidential between you and Village Bank Mortgage - only loan progress
is shared.)
4. 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.
5. Provide Professional
Referrals to business professionals who can benefit you during
the loan transaction and help you in years to come.
Count on Yourself to...
1. Keep your Realtor informed
of any questions or concerns as they develop.
2. Keep the process moving forward
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.
3. Enjoy purchasing your home,
but do remain objective throughout - to make the business decisions
that are best for you.
4. 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 a home.
