HOME PURCHASE BASICS

Purchasing a home can be a complex process whether you are a first time home buyer or are trying to sell your current home to purchase a larger one. Since your home will more than likely be the largest purchase you will ever make it is important to obtain the right crew to assist you. With the right Oklahoma Real Estate Agent and Loan Officer, purchasing the perfect home can be a please, rewarding experience.

A good Tulsa Realtor can guide you through the complicated maze of selecting the right home by assisting with the following:

  • Selecting the right home. All real estate Associates and brokers have access to thousands of available homes and will make recommendations concerning the price of the home and the amount you should finance. They save you time by weeding out the real estate that is overpriced, or undesirable in some other way.
  • They stay abreast of market trends and will assist you in getting the best price for today's market.
  • They are familiar with neighborhoods and schools and should supply that information for each listing - the quality of schools, the number of children in the area, the safety of the neighborhood, traffic volume, and more.
  • When it's time to make an offer on a home, the broker can point out ways to structure your deal to save you money. He or she will explain the advantages and disadvantages of different types of mortgages and guide you through the complicated maze and answer last-minute questions when you sign the final papers at closing.

A good mortgage broker and loan officer will assist with the following:

  • Selecting the best loan to meet your personal situation and goals. With most mortgages being thirty years - even a 1/2 percent can make a large difference in what you actually pay.
  • Selecting the right payment plans. Plans are available to cut years off your mortgage saving you thousands of dollars. Be sure to speak to them about all the payment options.
  • Be available to answer questions and keep you updated on the process of the loan which can take several days.
  • Works closely with the real estate Associate to keep all parties informed of any information needing to be shared.

What can you do to help?

  • Get your finance records in order. Many transactions are delayed by clients not having their past tax information available when needed.
  • Pre-approve if possible so that you can speed up purchasing the perfect home once you find it.
  • Keep communication open between the mortgage broker and the real estate Associate. Make yourself available to them throughout the day if possible.
  • CLICK HERE for a step by step guide to getting started.


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