Ready to Buy?
How much can you afford
Determine how much you can comfortably budget for a mortgage payment. You should keep in mind that there will always be additional expenses arise. For example, property taxes, utilities, homeowners, flood insurance or private mortgage insurance. There will be other household expenses as well. The key is to allow room in your budget so you do not over extend yourself.
Getting pre-approved for a mortgage
It is important to sit down with a mortgage professional, who can discuss the available loan options with you. To determine how large of a loan you may qualify for, the bank will consider your credit, income, asset and employment history. Your lender will present you with one or more options for financing, as determined by your individual circumstances.
To learn more about your financing options or to be pre-qualified before you buy, you need look no further than Landmark’s preferred lender, Home Savings of America. Home Savings of America offers competitive rates and excellent service for all of your homebuying needs. FHA, VA, Conforming, Jumbo, 203K and Homestyle rehabilitation loans.
Looking for the right home
Landmark has direct access to new listings as they enter MLS. Consider what towns, price range and amenities interest you and as homes enter the market, we’ll send you email updates and photos of these homes. If you find a home you just love, your Landmark Realtor will set up a showing so that you can see the property. With over 50,000 current listings in Massachusetts, the Realtors of Landmark will help you find the property you seek.
Putting in an offer
Your Realtor will present all the facts and advise you regarding making a fair offer to purchase. Your Realtor will review recent sales and comparable listings, so that you can feel comfortable that your offer is fair. It is important before you make an offer to purchase, that you learn about the town. Your Landmark Realtor will give you all the facts you need to help you to make an informed decision.
Offer accepted, now what?
Once your offer is accepted, it’s time to formally apply with the bank for financing. Your Landmark Realtor, along with your mortgage lender, will be available to assist you with any questions you may have during the process.
At closing, the home becomes yours! The seller will sign over their ownership interest the property and the closing attorney will record the Deed and the Mortgage, which formally transfers the deed to you!.
To get more detailed information about financing a home, please fill out the form below or contact a Landmark Realtor today.