Buying and funding a home is a big step. Before you begin the home buying process, it’s important to take a few minutes to understand how the process works. We’ve developed a list of the six key components to help you alleviate stress and stay on top of your home purchase.
- Get Pre-qualified!
It’s exciting to start shopping for a house, but before you start the hunt make sure you team up with your Loan Originator to know what you can afford.
- Find a Real Estate Agent
Shopping for a home can be a joyful experience, but with so many questions and obstacles that can arise throughout the process, it’s important to have a professional to rely on. If you are looking for a referral, your Loan Originator will happily introduce you to one of his or her trusted real estate partners!
- Start Shopping
When buying a home, it helps to know what you are looking for. Before you start, make a list of your key features, then review it with your Realtor. Be sure to consider home price, size, features, location and style.
- Make an Offer
While your Realtor is your key partner at this step, make sure you review your offer with your Loan Originator before submitting it and accepting an offer.
- Get Inspected
Hire a home inspector to complete a thorough review of the property before signing the purchase agreement. Make sure you send this to your Loan Originator before signing!
- Finally – Sign on the dotted line!
It’s time to sign the purchase and sales agreements. Congratulations and welcome to your new home! For more information about the mortgage and home buying process, check out our What To Expect page, or call to speak with one of our experienced loan officers today! 401-943-9200
PRMI NMLS 3094. Rhode Island Department of Business Regulation Division of Banking Licensed as PRMI, Inc, Lender 200417155LL, Broker 20041716LB. Division of Banks MC3094. Connecticut Department of Banking 8750. New Jersey Department of Banking and Insurance. Virginia Bureau of Financial Institutions: MC-2248 Broker MC-2248 NMLS 3094. Department of Labor, Licensing, and Regulation Commissioner of Financial Regulation 5511. Florida Office of Financial Regulation MLD646. Pennsylvania Department of Banking 23206. Georgia Department of Banking and Finance 6521. Department of Financial Institutions CL-3094. Branch NMLS 305552.
DISCLAIMER: Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.