Step 2. (Confirm/lock rate) At this stage you are already been pre-qualified by your loan officer and his file already includes your income and asset documentation which should have been collected in step 1. At this stage you have selected a property to purchase and your offer has been accepted. Now is the time to lock down your pricing and finalize your loan terms. Signatures for the application and disclosure [...]

Congratulations! Your offer was accepted… now what? Escrow is opened, and the purchase process officially begins. Throughout this process you must be prepared for a busy couple weeks. You will be in and out of escrow, meeting with your lender, obtaining insurance, meeting with your REALTOR, and reviewing a lot of documents. Home buyers in California typically have the first seventeen (17) days of Escrow per the Residential Purchase Agreement [...]

So you have looked at quite a few homes, have found a home that interests you, and want to submit an offer to try and purchase the home. To do this, sit down with your Agent, review comparable sales, discuss the market, and prepare to write up an offer to purchase. When you write your offer it is necessary to have your Pre-Approval Letter, your Checkbook to write an Earnest [...]

By this point you should have chosen a REALTOR® to represent you, spoken to a Lender and have your Pre-Approval in hand. Now it’s finally time to get out and start looking at homes! Tell your Real Estate Agent what you want in a home. Do you want a new home? Are you ok with Mello Roos? Is a pool important? How about a view? Your Real Estate Agent will [...]

If you have not done so already, talk to a lender and get “Pre-Qualified”, or better yet “Pre-Approved”. Since lending guidelines have changed so much recently (making it harder to obtain financing) many Buyers do not understand what a mortgage payment consists of, and/or what is needed to obtain financing to purchase a home. As a potential home buyer, you shouldn’t have any reservations, or hesitation with regard to speaking [...]

Whether you want to buy a home in the Santa Clarita Valley, or anywhere else I want to tell you how to start your home buying process. There is a little more that goes into it than just calling a random Agent and looking at homes. A home whether it be your first home, or you have purchased many homes, buying a primary residence or investment property should be an [...]