Congratulations, you've found your dream home! As your mortgage broker, I'm here to guide you through the next steps in the home buying process.
Once you've found your dream home, your realtor will help you make an offer to the seller. This offer will include the purchase price, any conditions, and the closing date. The seller may accept the offer, reject it, or counter with a different offer. Negotiations may take place until both parties come to an agreement.
Once the offer has been accepted, you will need to provide a deposit to secure the sale. This deposit will be held in trust until the sale closes.
As your mortgage broker, I will work with you to obtain a mortgage commitment from a lender. This will include providing documentation such as proof of income, employment, and assets, as well as a property appraisal and inspection. Once the lender approves your mortgage, you will receive a mortgage commitment letter.
The closing date is the day when the sale is finalized and ownership of the property is transferred from the seller to the buyer. For the closing, you will need to bring the remaining funds for the purchase, including the down payment, closing costs, and other fees. The seller will provide you with the keys to your new home, and the sale will be complete.
Keep in mind that the home buying process can be complex and may involve unexpected challenges. Working with a team of trusted professionals, including a mortgage broker, realtor, and lawyer, can help you navigate the process and achieve your homeownership goals.
