During your home buying process you will talk to several different people. It is important to know what each persons role is in the process, and how they each can help you.In some states, lawyers are customarily used in real estate transactions. Because your attorney draws up the purchase contract and represents you throughout the whole process, it is important that you and your attorney are on the same page. Any concerns you might have about the transaction or the property should be addressed during the initial meetings.
The first person you should and will talk to when looking to buy a home with be a loan officer. A loan officer is responsible for issuing a pre-approval to you for the amount of a mortgage loan that you qualify for along with some terms of the loan and the basis of the approval. Your mortgage professional, Loan Officer, will work with you throughout the entire home-buying process and play an integral role during this process of buying a new home. You will work with your loan officer hand in hand to figure out what types of financing are available for you, what options you have and what will suit you best for your exact situation. Your loan officer will work with you from application all the way through closing. A good loan officer will keep in touch with you even after closing and will be able to assist you with all of your future financing needs as well.
You will also want to contact a Real Estate Agent. The agent will help you find a home that is in the area you want and has what you want in a house. The real estate agent will also help you negotiate the sales price and represent your interests throughout the process.
Your first step is to find a mortgage broker you are comfortable with and secure financing. Your mortgage broker will then issue you a pre approval letter.
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