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NMLS# 243348
Full-Service Loan Originators
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HOME BUYERS GUIDE
The BEST HOME LOAN LENDER Home Buyers and Investors in California
GETTING PRE-APPROVED
At The LOAN LADY HOME LOANS
California's Full-Service Mortgage Lender
Obtaining pre-approval offers numerous benefits for home buyers and can also speed up the purchasing process.
Benefits of choosing The LOAN Lady Home Loans includes:
Assess your budget in advance
Estimate your monthly payment amount.
Calculate your down payment.
Determine eligible loan programs.
Being Pre-Approved can improve your negotiations as a BUYER.
The SELLER of the Property may be more inclined to accept your purchase offer when they know you are qualified to buy their California home.
What you need for Pre Approval:
EMPLOYMENT AND INCOME HISTORY
CREDIT SCORE AND MONTHLY DEBTS
CLOSING COSTS AND SOURCE AND AMOUNT OF DOWN PAYMENT
COMPLETED LOAN APPLICATION
A SIMPLE 10-STEP GUIDE TO BUYING A HOME IN CALIFORNIA
Purchasing real estate in California can be a complex and challenging endeavor.
Fortunately, you can simplify the process by following these 10 easy steps:
Are you prepared to own a house?
Whether you are buying your first or have gone through the process before, it can be both financially and emotionally challenging.
Having a team of experienced experts by your side is essential.
Obtain a mortgage pre-approval
Most first-time homebuyers will need financing for their purchase, making it crucial to consult a mortgage broker like Joanna Perry of
The LOAN Lady Home Loans. It's important to understand what you can truly afford before starting your house hunt. Be sure to check the list of documents required for applying for a mortgage loan in Southern California.
Pick a home
Choose a house that will satisfy your needs and requirements.
Make an offer
While the asking price of a house often receives significant focus, the purchase offer will encompass both the terms and the price. Sometimes, these terms can add thousands of dollars in extra value or costs for the buyer.
Closing
The closing process, commonly known settlement or escrow, is primarily automated and digital. This procedure unites all parties involved to finalize the transaction
Find a real estate agent
Purchasing property includes inspections, financing, paperwork, pricing, marketing, and negotiations. Therefore, it makes sense to collaborate with industry experts who understand process. Real estate agents are the ideal professionals to assist you.
Browse through homes
A quick online search will uncover of choices. It's important to familiarize yourself with the market and collaborate with a real estate to make the process clearer and more comprehensible.
Find the necessary funding
The cost of financing a purchase can sometimes exceed the price of the house itself, factoring in closing costs, taxes, and interest. It's important to educate yourself about mortgage options and any extra fees involved.
Get proper insurance
Any responsible driver understands the importance of having car insurance, and it's only logical that a home needs protection too. Homeowners insurance safeguards against unexpected or unfortunate events.
What is to follow?
Congratulations! You've successfully checked out properties, made an offer, secured financing, and completed the transaction. The house is now yours! What's next? It varies based on whether you are a first-time buyer or if you're looking to acquire another property.
WHAT TYPE OF
HOME SUITS ME?
SINGLE FAMILY HOME
PLANNED UNIT DEVELOPMENT
CONDOMINIUM
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