Congratulations!!
If you’re here, you’re most likely ready to pursue your dream of owning a home.
Our Team at Budget Rates is here to guide you every step of the way, and accompany you as you go through the process.
1. Consultation
We’ll meet with you (virtually, by phone or in person) to discuss your plans.
This will allow us to have a better understanding of:
- your plans
- your budget
- your timelines
2. Lender Criteria
- your credit score and your financial history, which includes (but is not limited to) car payments, loans, credit card balances, etc.
- your income and employment history
- your down payment
3. Pre-approval
After you provide us with all relevant documents required by the lender, you’ll receive a pre-approval letter from us, which you can present to your real estate agent.
4. house-shopping
Go house-shopping with your real estate agent!
- determine the specifics of the property you are looking for:
• price• type (condo, single-family residence, townhouse, duplex, etc.)• area• required amenities, etc.
- visit properties in order to find suitable options that meet your requirements
- submit offers and negotiate (if necessary) until a mutual agreement is met with a seller
- provide us with all necessary documentation related to the property (accepted Purchase offer, MLS listing, etc.)
5. Optimal Lending solution
Some key areas are:
- rate type: fixed? variable?
- lender: conventional? alternative? Private?
- amortization period: 20 years? 25 years? 30 years?
and more…
During this process, we remain mindful of:
- your plans
- your budget
- your timelines
6. Lender requirements
- Home appraisal
- Home inspection, etc.
7. Close
Close, and receive the keys to your new home!
Don’t delay!
Contact us today to start the process. We’d be happy to answer any questions you may have.
Your dream home is waiting!
