Search Our Online Directory

  • Home
  • Mortgages
  • Home Loans
  • Buying a Home
  • Credit
  • Equity
  • Foreclosure
  • Refinance
Resources
  • Apply for Home Loan
  • Home Loan Calculator
  • Mortgage Companies
  • VA Home Loan
  • Interest Rates
  • Debt Consolidation
Popular Searches
  • Bad Credit
  • Home Maintenance
  • 30 Year Mortgage Rate

Buying a Home: A guide to purchasing a home for first timers and previous home owners

by HomeLoan.com
 If you are just considering buying a new home, or even if you are in the process of house hunting with the first few steps out of your way, knowing the basic steps in the home buying process will help you understand the entire process. Each state has various steps to take when you are searching for and then buying a home, but the basic steps are all very similar from state to state.

Hire a realtor


Realtors are trained professionals that have experience in every step of the home buying process. A realtor can help you find homes for sale in the neighborhoods you desire and make viewing the homes an easy process. One of the best ways to find a realtor that you like is asking friends, family and co-works that have recently went through the home buying process for referrals.

Get Pre-approved for a home loan

Shopping around for a mortgage lender will allow you to start requesting quotes to acquire the best rates on a home loan. Your realtor will have list of prospective lenders that may fulfill your needs on a home loan. After finding a lender, ask the lender for a pre-approval form, this states how much of a loan you should be able to obtain.

View homes for sale

Your realtor will show you a variety of houses that may suit your needs. If you have certain home features that you require such as a certain number of bedrooms, basement or garage let your realtor know ahead of time so he can help you find the perfect home.

Put in a purchase offer

When you find a home that you want, your realtor will help you put in a purchase offer, negotiate any counter offers from the seller and walk you through the process of purchasing a home along with your mortgage lender.

Homeowner’s insurance and home inspection

Along with acquiring a loan for home purchase you will need to get homeowners insurance quotes on your new home and have a full home inspection done to identify any problems before finishing the purchase of your new home.

Closing

Once all the previous steps are done, you will then get together will your realtor and lender and the seller to sign your mortgage papers and any other documents needed to close your home purchase. The title of the home and keys to the home should be transferred to you at this time and then you can enjoy your new home.
Featured Articles
  • Loan Advice for New Home Buyers?If you feel that you are wasting money on rent every month, you may be looking into buying a home. Because of the deflated economy, interest rates ...
  • How to Buy a House With Bad CreditBuying a house with bad credit may not be the best decision unless you really know that you will be able to make ...
  • How to Buy a Home for InvestmentBuying a home for investment is not something that you should do without a good amount of consideration. However, ...
  • How to Buy a House if You Have Credit ProblemsObtaining a home mortgage loan when your credit is less than perfect can be hard to do. Lenders are ...
  • Can I Buy a House With Bad Credit?People with bad credit may not be able to get a loan from the bank for a home, but they may qualify for federal ...
  • How Can I Buy a House With Poor Credit?If you want to buy a house but have bad credit, the first option is through government programs. Specific ...
  • Home Equity Line of Credit Vs. Dealer FinancingYou have decided to go after that dream car you always wanted or maybe the family van is on its last ...
  • Home Foreclosures & How to Buy a HomeForeclosed homes offer some of the best deals on the market, as banks seek to liquidate properties and recoup ...
  • How to Buy a Home with a Foreclosure on Your Credit ReportHaving a foreclosure sale or auction on your credit report can make it difficult to get ...
  • Credit Score Needed to Buy a HouseWhen it comes to buying a home, no definitive credit rating assures you of approval. A variety of factors ...
Contact Us

Images courtesy of Images_of_Money, trenttsd, RambergMediaImages

Sitemap | Privacy Policy

Copyright © 2023 HomeLoan.com

Inquire about this domain
800-249-7000
Inquire@WebName.com