Home Ownership - Step By Step

Step 1 - Pre-Qualification Certificate. Pre-qualification is the process of speaking with a licensed loan officer who will Pre-Qualify you, based solely on the information that you provide to your loan officer about your credit history and score, your job history and income, your monthly expenses and the source(s) and amount of your down Payment.

You can present your Pre-Qualification Certificate, with your offer to purchase a home - but it’s important to note that pre-qualification does not imply any obligation from the lender that you will be approved, and your offer won't be taken as seriously as when you submit a Pre-Approval Letter with your offer.

Step 2 - Pre-Approval Certificate. Pre-approval is more thorough than pre-qualification. To be pre-approved, you must submit a Loan Application and documents that will be used to verify the information you provided during the Pre-Qualification interview and any other information required. When you submit your Pre-Approval Certificate with your offer - you’re in a much stronger position to get your offer accepted. They Realtors know that if your Loan Officer is experienced and did a great job for you during the Pre-Approval process - they should already have most of what ehy should need to close close your loan quickly and efficiently upon acceptance of your offer and opening your Escrow. It’s highly recommended that work with a Loan Officer you trust on your pre-approval - prior to shopping for a home.

You will be issued a Pre-Approval Certificate that you can present with your offer to purchase a home. If your Loan Officer is well-known and respected in your local Real Estate community - they will be able to sell your Pre-Approval to the Seller's Real Estate Agent - letting them know what steps they have already taken to insure that you are well-qualified for the loan, and that the process of closing your loan should be quick and drama-free.

Step 3 - Work with a Great Realtor to find the house you LOVE. In today's highly competitive Real Estate Market - it is more important than ever to surround yourself with a Team of Professionals, that will help you find a house, get your offer accepted, and help you navigate the Inspection, Appraisal & Contingency Removal processes - until you are ready to fund your loan and close escrow.

Step 4 - Get your Offer ACCEPTED

Step 5 - Close Escrow on time - with confidence!

Step 6 - Celebrate - you deserve it!