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6. Now the
financial work can begin in earnest. Your Steed Real Estate
representative will provide you with information about types of
loans, rates and availability, down payments, and special mortgage
sources. He/she can also help calculate your potential borrowing
power.
Most lenders
will require all or most of these:
Appraisal
of the home being purchased
Complete
financial application and application fee
Verification
of employment and income
Verification
of cash deposits (down payment)
Credit
review
7. An attorney is usually
required to close title--to supervise your interests in the
transfer of the home from the seller to you. Legal counsel is very
important in this phase.
8. You have the right
to inspect the new home 24 hours before the closing. This final
inspection is your last chance to review the home before the deed
signing and transfer. Once it is signed, title passes to you.
Congratulations
Service
Comes First
In
real estate, “good service” means listening to the buyer’s
needs, and responding quickly with pertinent information. Our high
standard of service is widely respected. Our professional
representative is seasoned by experience, and supported by
consistent training. One of our real estate representatives is
ready to work with you today.
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