Palms to Pines REALTOR® DRE 02202075

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You control your beginning:

  • home ownership begins with believing you can buy a home, then;

  • check your credit rating

  • calculate your monthly budget

  • get documents ready for loan approval, such as, yet not limited to:

    • 2 years of federal tax returns

    • last 2 years of W2s with names and address(es) of employer(s)

    • paycheck stubs - previous 30-90 days

    • any & all asset account statements

    • all addresses lived at in past 2 years

    • Gov't ID & SSN or RAC (Form I-551) or EAD (Form I-766)

    • if applicable: divorce, child-support, bankruptcy filing papers

    • any letters of explanation regarding derogatory credit marks

  • shop lenders and loans

  • get pre-qualified/pre-approved

  • consider closing cost assistance: explore grants, loans, or rolling your closing costs into your mortgage loan

  • determine which neighborhoods fit your needs

  • identify which features are most important

  • call me; let's talk

* the following online buyer mortgage calculators help estimate mortgage payments, affordability, closing costs, and potential homes sales proceeds; as your REALTOR®, we can tackle this together:

Considerations on your journey:

  • purchase price

  • down payment

  • interest rate

  • points charged - origination fees & discount points (prepaid interest paid to lender to lower the interest rate) that can impact closing costs

  • loan type: FHA, VA, conventional, etc.

  • other settlement services: appraisal, credit report, flood certificate, title services, recording fees, etc.

  • property taxes

  • homeowners insurance

Third step of your journey is the charm:

  • Find your dream home, cabin in the woods, or investment property, and start building your equity

Anticipated fees finalizing your journey:

  • closing costs range btw 2%-5% of the total purchase price

  • appraisal fees required by the lender determining the property's value

  • property survey fee, if required or needed

  • HOA fees or reserve contribute, if applicable

  • lender fees: loan processing, underwriting, preparation of and establishing escrow account

  • third-party fees: title search, various inspections (such as termite - WDO: Wood Destroying Organism), insurance

  • government fees: state & local mortgage taxes, deed recording

  • escrow & interest fees: homeowners' insurance, loan interest, real estate taxes, private mortgage insurance

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