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Home Financing Simplified

Friday, October 20, 2017

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Buying a home is one of the biggest investments – and most exciting experiences – of your lifetime! Whether you're buying your first home or have been through it before, you're probably full of questions. What does the timeline look like? How do I find homes that fit my budget? What is my budget? But don't worry! Your Berkshire Hathaway HomeServices First Realty agent will be by your side every step of the way. No matter how many questions you have, he or she will be happy to answer them. 

One of the first things your agent will help you with is meeting with a loan officer to get pre-approved so you know exactly how much you're working with before you start looking at homes. At First Realty, we're lucky to have a partnership with HomeServices Lending, so your loan officer and agent have an estagblished relationship and even work in the same building! This helps the entire process go smoothly so that once you actaually find your dream home, you're more likely to close on time. In fact, HomeServices Lending is so confident in their ability to help you close on time, that they have an on-time closing guarantee! (Get more details here).

Helpful Tip: Bring These Items When You Meet with Your HSL Mortgage Officer

  • Current and Previous Addresses (2 years)
  • Property Information (if applicable)
  • Current and Previous Employment Information and dates including monthly salary
  • Bank Account Statements
  • Current monthly housing expenses such as rent and mortgage payments
  • Address and Market Value information for properties you own, including taxes & insurance
  • Sources and Income Amounts for all Borrowers. If a W-2 employee, pay stubs for the last 30 days

 


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