For Buyers
The Benefits of Representation
Congratulations! You’ve decided to purchase a home. This is an exciting time for you, and as a Coldwell Banker®
Sales Associate, I look forward to supporting you through this exciting journey. To ensure this process is as enjoyable
as it should be, I can offer you the following services:
- An overview of the entire homebuying process so your journey will be clearly laid out and planned for you
- Assistance in determining your financial budget in order that you know exactly how much you can afford
- A comprehensive breakdown of the mortgage process so it is clear and easy to understand
- Proper guidance in gathering all the appropriate financial papers ensuring you are prepared
when applying for a mortgage
- Multiple listings that will enable you to see every available property on the market
- 24-hour online access that informs you of the latest real estate developments and keeps a
personal file for you so your listings and information is readily available
- Expert negotiation skills to get you the best possible price on your dream home
- Preparation and presentation of your offer
- Guidance through the closing procedures so all paperwork and transactions are successfully complete
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Frequently Asked Questions
What types of mortgage programs are offered?
Currently, there are over 50 different mortgage products available, including:
- 15, 20, and 30-year Fixed Rate loans
- Adjustable Rate loans
- New Construction financing
- VA and FHA loans
- 5 and 7-year Balloon loans
- And many more
Speak to your local mortgage professional to see what’s right for you.
How long does it take to process a mortgage application?
It usually takes 45 to 60 days to process an application, although it can take as few as seven days and as long as
90 days for some transactions. The actual time depends on how quickly the lender can get an appraisal of the
property, a credit report and verification of employment and bank accounts.
What documents will I have to provide?
Be prepared to provide verification of income (including a pay stub and recent tax returns), bank account
numbers and details on your long-term debt (credit cards, auto loans, child support, etc.). If you’re
self-employed, you may also be required to provide financial statements for your business.
In recent years, lenders have been required to obtain more specific information from borrowers in
order to package and sell loans to investors. If you were lending someone such a large amount
of money, you’d want detailed financial information.
Could anything delay approval of my loan?
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