My Mortgage Blog

Happy New Year! 

The year 2020 is going to be a good one for the housing market according to most of the reports from industry stakeholders. Buying a new home and getting a mortgage is an important decision. Don’t go it alone!  Consider putting together a team of professionals to help make the entire process easier.

Members of your home buying team can include:

A licensed real estate agent.
While many of you browse the Internet for homes, then contact the listing agent, who works for the seller, it can be an all-consuming task, especially when you have other obligations like a job or children. You'll save time by working with your own Realtor, who gets paid by the seller, but you’ll also benefit from their expertise and knowledge of the local housing market to find the best matches for you.

An experienced real estate lawyer. 
A real estate lawyer ensures your paperwork is correct and that the transaction is complete. They will review the contract and mortgage documents, conduct a title search, purchase title insurance on your behalf, register the property in your name, get signatures, prepare a Statement of Adjustments that shows the amount you will pay in closing costs, and collect and disburse fees. 

A professional home inspector. 
I’m sure you’ve heard the horror stories about homeowners moving into their dream home and discovering that all is not what it seemed.  An experienced home inspector can help you avoid this nightmare. It might seem like a waste of money to pay for a home inspection for a newly-constructed home, but you might consider getting an inspection a few months before  the expiration of the New Home Warranty.  Better safe than sorry. 

The Insurance Agent.
Lenders will require you to have fire insurance.  An insurance agent will help you find the best coverage and the best price.

A Mortgage Professional. 
I mention this last, but it could be listed first. There are so many reasons why. First, you need to know how much mortgage you can afford so your Realtor knows how much house you can buy. Second, you’ll save time and money. We know the lending landscape and have access to a variety of lenders to find the right fit for your needs, and we can negotiate rates and terms that work for you. 

Our job isn't done until your closing date goes smoothly. We'll help ensure your mortgage transaction takes place on time and to your satisfaction. And we are with you for the life of your mortgage.

Consider building your home-buying team early in the process -- their knowledge and expertise are your most valuable assets. I would be happy to refer some trusted partners at any time.



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