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Professionals You Should Consult Throughout Your Home-Buying Process

It can be scary and nerve-wracking to go through the mortgage approval process. If you're a first time home buyer, buying a home can be frightening. Buying a new home is one of the biggest decisions you’ll make in your life. This decision should be a positive one. Buying a home requires a lot of money invested and you may have to make a large down payment as well. A first-time homebuyer should know about the key professionals that'll be working with them throughout the home-buying process. This presentation provides valuable information about the key professionals in the home-buying process. Read More : https://www.drewmortgage.com/key-players-home-buying-process/

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Professionals You Should Consult Throughout Your Home-Buying Process

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  1. Introduction ● The process of buying a home or taking on a mortgage can be frightening if you’ve never done it before. ● Buying a new home is one of the biggest decisions you’ll make in your life. This decision should be a positive one. ● Buying a home involves a large sum of money for a down payment and complex legal documents. ● You may not be familiar with difficult to read legal documents. ● During your home buying process, you'll be working with professionals while searching for your new home, applying for a mortgage, and throughout the closing process. 2

  2. Here are some of the professionals you’ll be working with during the home-buying process. 1) Real Estate Agent ● For a new home buyer, the home-buying process begins with searching for a home. ● The easiest way to look for a home is by searching online. ● You can also shop for a home by touring neighborhoods. ● First-time home buyers often hire a real estate agent or realtor to help them find a listing. These are licensed professionals. 3

  3. 2)Loan Officer ● The loan officer is the one who will interact with you the most from the time you apply for a home loan until the day your mortgage closes. ● A loan officer can help answer your questions regarding mortgage qualifications. They can help you choose the right loan for you and help you understand your documents. 4

  4. 3) Mortgage Underwriter ● The mortgage underwriter takes the job of the loan officer one step further. ● A mortgage underwriter reviews the mortgage documents closely. ● It’s the job of the underwriter to determine if you qualify for the mortgage you’ve applied for. 5

  5. 4)Real Estate Appraiser ● A real estate appraiser visits the home you want to buy and looks at comparable sales records to make sure that the home you’re going to buy is worth the amount you’ve agreed to pay. ● A real estate appraiser will determine the value of the property. 6

  6. 5) Home Inspector ● A home inspector will come to meet you at the property you want to buy and inspect the home thoroughly. ● A home inspector will determine the condition of the property. 7

  7. 6) Closing Representative ● A closing representative works for your lender. ● They look at the closing process to make sure you understand the document you’re signing. ● They'll answer any last-minute questions you may have. 7) Notary ● A notary is a person who witnesses the signing of your loan documents and is licensed by the government to perform acts in legal affairs. 8

  8. ● If you’re a first time home buyer in MA and are looking for mortgage lenders, Drew Mortgage can help! Drew Mortgage Associates, Inc. is a mortgage lender in MA that can assist you with mortgage loans and guide you throughout the application process. We can help you get a home loan at a lower interest rate that best suits your financial goals. Our mortgage planners are highly trained professionals that can identify the best mortgage program that’s right for you. ● Read More : https://www.drewmortgage.com/key-players-home-buying-process/ 9

  9. DREW MORTGAGE BRANCH OFFICES: Drew Mortgage Associates 196 Boston Turnpike Road Shrewsbury, MA 01545 Phone: 508-753-1656 Website: https://www.drewmortgage.com/ Peabody Mortgage Lenders 1 Mt Pleasant Drive Peabody, MA 01960 Phone: (978) 750-1080 Boston Mortgage Lenders 232 Commercial St Boston, MA 02109 Phone: (617) 523-3060 10

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