10 Steps to Buy Your Homes With Confidence

Determine Your Budget

A down payment of less than 20% usually requires private mortgage insurance.

Take into consideration that closing costs amount to around 5% of the home’s value (i.e. $10,000 for a $200,000 home).

Provide financial details to your lender.

Save time by getting pre-approved for your mortgage rate and amount.

Discover homes in your desired location by working with a real estate agent or by using free mobile apps like Zillow, Redfin or Trulia.

Identify the right home for the right price with help from your real estate agent and submit an offer.

If the offer is accepted, you are ready to begin the closing process.

Your title professional examines land records to ensure the seller can transfer title to the new owner.

A closing agent is the neutral party who coordinates among the seller, buyer and lender to transfer all documents and disburse funds.

Owner’s title insurance protects your property rights.

Remember, lender’s title insurance only protects your bank’s financial investment.

By law, you must be provided a five-page Closing Disclosure three business days prior to closing.

The Closing Disclosure contains the actual terms and costs of your transaction.

Everything is in order, so it's time to close on your home!!

You sign the remaining legal documents on closing day.

Receive your keys and peace of mind!

Don't forget to check the mail!