First Time Buyer
Buying your first home is one of the most exciting and emotionally charged events of your life. However, there are a lot of things to think about as you go through the process to make sure you make the best decision – like getting pre-approved, finding the right realtor and understanding this concept called ‘escrow’. Below are some personal and professional insights to help you navigate through the process:
Getting Pre-approved: This is the first step in the process – where the lender looks at your qualifications to determine how much home you can afford and provides you with the monthly payments associated with various purchase prices. Also, having a pre-approval letter greatly strengthens your offer on a home. It is a common mistake that first-time homebuyers skip this step and start looking at homes beyond their affordability. Get this done first!
Choose a Realtor: If you don’t know of a good realtor in the area, we may be able to refer one to you or there are a number of websites that offer great reviews for local realtors (realtor.com, Zillow, etc.). The goal is to find a realtor who has the experience and expertise in the area you wish to purchase. But almost as important, the realtor should fit with your personality.
Understanding the Process: Escrow, title insurance, pre-approvals, purchase agreement, loan applications…these are just a handful of the terms you will hear in the process. The good news is that you don’t have to be an expert in these areas to purchase a home. A qualified UMAX loan officer and realtor will provide all of the guidance you need to navigate the various steps in the process.
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2000 Broadway St.
Redwood City, CA 94063
5170 Golden Foothills Pkwy
El Dorado Hills, CA 95762
2173 Salk Avenue Suite 250
Carlsbad, CA 92008
CA Bur of Real Estate - Real Estate Broker - Broker#01514348.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Any rates quoted are not guaranteed and are subject to market fluctuations.