Mortgage Process – what you need to know?
Have you been thinking about getting a new home? Is it time to invest in a new house?
What an exciting thought! A NEW HOME!
Just thinking about it gets us fired up. Buying a house is one of the biggest and most important investments. Getting familiar with the process will pay off when you find THE HOUSE and are ready to write an offer. The process is really not that complicated but most times simply misunderstood or ignored.
Meet Janet & Joe and their newborn twins – Ana & Adam – double A’s. After renting for a few years J & J decided that is time to ‘graduate’ and start thinking about homeownership. Their excitement grows fast. They imagine having more space for their family, see a big kitchen with a great pantry and granite counters. Blue & pink colors in twins’ rooms. And … a yard! Their own piece of heaven! They immediately start searching on the Internet. Hit and miss. For a few weeks they saw many houses and visited quite a few open houses. Finally, after all that hard work the list is narrowed down to THE ONE. Yes! They make a decision to go for it! Let’s write an offer….They call a Realtor who has it listed and ask for help to write an offer. However, after talking with the Realtor they learn that their offer most likely will not be accepted because they don’t have their mortgage financing arranged.
Today most sellers expect lender’s pre-qualification letter to accompany a purchase contract. Sellers don’t want to risk taking their house off the market while waiting for buyers to get pre-qualified for a home mortgage.
GETTING PREQUALIFIED is not as exciting as looking for houses. Many of us consider arranging for financing a daunting step in the process. But dragging the feet and putting it off is not a good idea. It has to be taken care of sooner or later. So why wait? Either it is your first home or a ‘step up’ home – what do you need to know about mortgage process?
THE MORTGAGE PROCESS:
Thinking about purchasing a new home?
Ask for BEST MORTGAGE LENDERS LIST in OKC Metro.
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They serve Oklahoma and OKC Metro: Yukon, Mustang, Bethany, Piedmont, Tuttle, Blanchard, Newcastle, Edmond, Oklahoma City, Moore and Midwest City.
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Whether you plan to buy, sell or relocate to our beautiful State of Oklahoma we are here to offer professional service and consultation.
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