Pre-approvals is the pre-qualification for a loan or mortgage of a certain value range.
Your agent can give you the personal and professional attention to make sure that you learn about properties as soon as they become available and to make your search easier
Your agent will assist you in determining and negotiating the terms of your purchase including price, your closing date and any necessary inspections.
This will allow you to really get to know your prospective new home, its present condition and the repairs and maintenance necessary to protect your investment for the future.
An appraisal is ordered by the lender to substantiate the fair value of the property.
This is your lender's promise to offer a loan for a specified amount(disclosed in the contract) to you, the buyer. It includes all of the terms and conditions of the loan.
At the closing you complete the purchase of your new home as the title to the property is legally passed from the seller to you.
Congratulations on your new home!
