A Great Home Buying Process

Four Good Reasons to Own a Home

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Ownership

You are investing in an asset. As your investment increases in value, your debt decreases.

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Deductions

Your asset becomes a means to borrow against. It gives you financial power to make home improvements, pay college tuitions, invest in a vacation home or supplement retirement.

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Build Equity

Your asset becomes a means to borrow against. It gives you financial power to make home improvements, pay college tuitions, invest in a vacation home or supplement retirement.

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Stability

Why throw away money in rent when rent cost can go up? A fixed mortgage secures your expected payments.

Four Easy Steps to Owning a Home

Schedule a Meeting to get Prequalified

A pre-approval value is huge. It shows the seller you are qualified – it also sets your budget and can give you an advantage over other buyers. Call today to speak to a Rateplicity rep.

Apply for a Mortgage

Complete your application. Once required documents are received and your financial information collected, the loan is ready to lock-in an interest rate. In most cases you will need to pay for an appraisal. This is necessary to ensure the value of the home. When this is completed, the loan moves to the UNDERWRITING process and we may ask for more documents. This step is known as meeting the CONDITIONS. If everything is complete and approved, the loan will be CLEAR TO CLOSE.

Find a Home / Make an Offer

Work with your agent, go shopping for a home and start the processes. Things consider when looking for a home are:

Location
Property taxes
HOA dues
Schools
Crime Rate

Close

Closing takes place at a title company or your lawyer’s office depending on your state. During this step you will be:

Reviewing final documents
Providing a cashier check to cover closing costs if needed
Showing photo identification and SSN information

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