

and hold off on making any major credit card or car purchases. Any monthly payments will be counted against you and reduce the amount of mortgage loan you will be offered. Getting pre-qualified or better yet pre-approved makes you a strong buyer, welcomed by the seller. Home Inspection - It is extremely important to hire a reputable inspector so that you know exactly what you are buying. If you are satisfied with the results of the inspection, then you can proceed. If the inspector finds problems, you may request for the seller to do the repairs or accept the property without any repairs. Appraisal - Your lender will require, to make sure that the home you are buying is worth the money you are borrowing. Homeowner's Insurance - To protect your interests (and that of the lender, if applicable). Walk-Thru - To be comfortable that the home is in the same condition as when you wrote the Purchase Contract and that any agreed upon repairs have been completed. Settlement or Closing - a meeting at the title company where all the papers have been collected for signing. Have your money wire transferred and bring your identification. Recording - After all the papers have been signed (from both sides) and the monies collected, the title company will have a runner take the paperwork to the county recorder's office and after it is recorded, the home is yours. |
