Home Buying Center

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Home Buying Center

Before making offers on properties, the articles in this guide will help you choose the right home and give you a view into how the home buying process works.

First, we recommend getting pre-approved for your home mortgage loan and finding a good real estate agent. By getting pre-approved by CraterTeam.com, you can feel confident that you are making offers on properties that are within your price range.

Enjoy!

Mortgages for Purchasing a Home: This article will focus on the two most common home buyers, those purchasing their first home and those selling an existing home and purchasing another.

A Typical Pre-Qualification Letter: Sample of what you'll have when you are pre-qualified.

It’s More Than Location, Location, Location: A short list of things to consider when evaluating properties that go beyond the location.

Making the Offer: You and your agent will consider a multitude of factors beyond price when making the actual offer.

The Purchase Agreement: Find out more about the form that your real estate agent will provide and complete when you are making your offer.

Opening Escrow: Think of the escrow company as the referee. They are there to make sure everyone plays by the rules.

Appraising the Property: The appraiser is another referee. He or she will impartially assess the value of the property to make sure the home is worth the price being paid.

Getting a Home Inspection Report: The sale of the home will usually be contingent upon a successful home inspection. It is important to find a qualified and experienced inspector. Find out more about home inspections.

A Guide to Homeowner’s Insurance: Lenders require homeowner’s insurance to guarantee their interest in the property is protected.

How Much Are Property Taxes?: Property taxes ensure that the field you and your family play on is well maintained. Property tax rates will vary from county to county and city to city.

Escrow Impound Account: An escrow impound account is an account that can be set up with your new mortgage that will pay your property taxes and/or insurance for you.

Preparing for the Closing: Before you meet with the notary to complete the signing and celebrate victory there are some important final details to consider.

Signing Final Loan Documents: Review the mortgage loan documents carefully and remember to bring ID to the signing.

Funds to Close: Details on what occurs with the actual funds at time of closing.

Funding, Recording and Picking up the Keys: Final steps in the home buying process.

CraterTeam.com - Your Lender for Life: We are here to ensure that your long term financial goals are being met and that your mortgage is working for you.