Home Purchase Basics
Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Here's some information that will keep you on track.
In General.... A home purchase may be your largest financial transaction to date, so it's important to make the right decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Loan Officer, it should be an efficient, pleasant, and ultimately rewarding experience.
Count On Your Real Estate Agent To:
1. Preview available homes to weed out those that are overpriced, or undesirable in some other way.
2. Present the homes that suit your needs as you've 2. defined them.
3.Help you determine the difference between a "good buy" and a property which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.
4. Negotiate the best deal for you. With a Pre-Qualification letter from us in hand, your Real Estate Agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the Seller, and may make the difference between the Seller accepting your offer or someone else's -- even if your offer is lower!
Count On Your Mortgage Broker and Loan Officer To:
1.Assist you in selecting the best loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
2. Keep you informed of your loan status throughout the entire process.
3.Keep your Real Estate Agent informed of our loan progress (Note: your personal information is always kept confidential between you and us; only deal points and progress are shared).
4. Get the appropriate loan for you at the best rates and fees. This will save you significant money "up front" and throughout the years to come.
Count On Yourself To:
1. Keep your Real Estate Agent informed of any questions or concerns as they develop.
2. Keep the process moving by providing documentation and decisions as soon as reasonably possible. By doing so, many of the details are taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention.
3. Enjoy purchasing your home, but do remain objective throughout -- to make the business decisions that are best for you.
4.Make sure you are pre-approved as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.
How to Get a Loan
Once you select us to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.
Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information. And if you want assistance, a mortgage expert who can answer questions is just a phone call away.
Here's an overview of the loan-application process:
STEP ONE -- Apply Now! Getting started is easy.
When you've selected a property and have a contract with the Seller, the next step is to complete your loan application, which can be done easily through our website.
To get started, select an application from the list on the left. At the appropriate time we'll order a property appraisal for you.
STEP TWO -- Your Loan is Approved and Funded
Your Real Estate Agent or the Seller will designate an Escrow/Title Company to handle the funding of your loan, along with many other factors which make your purchase go smoothly.
We will coordinate with the escrow team and you'll sign the final papers at their office.
Simple, Straightforward, Cost Effective, and FAST!
Mortgage Checklist (Required Docs for Loan Submission to the Lender)
The following information is usually required during the loan process:
Your Social Security Number
Current pay stubs or, if self employed, your tax returns for the past two years
Bank statements for the past two months
Investment account statements for the past two months
Life insurance policy
Retirement account statements for the past two months
Make and model of vehicles you own and their resale value
Credit card account information
Auto loan account information
Personal loan account information
If you currently own Real Estate:
Mortgage account information
Home insurance policy information
Home equity account information (if applicable)
There When You Need Us
Our Staff Is Always Available / We Go The Extra Mile
Our company appreciates our clients and works tirelessly to achieve what they are asking for. Whether it be purchasing a property or refinancing one, we offer great programs and rates for both.
We go the extra mile when so many brokers and banks deny a borrower when they have a difficult or complicated situation with their loan. We look for solutions for it instead.
During business hours, we are always available via phone, email or text. After hours, via email or text with immediate responses in most cases.
Fast Closings - 15 to 20 Days or Less, From Submission to Closing
Our lenders' turn times from submission to close average within the 15 to 20 days on Purchases and in a most cases less than 15.
On Refinances, depending on the program and the borrower's situation, can close in as little as 4 days.
From start to finish, our loan officers will assist our clients in every way they can in order to make the process as easy and fast as possible for the borrower.
With W2 employees, we can offer automatic retrieval of supporting documents that are required as an underwriting condition. These conditions are usually bank statements, tax related items, pay stubs / settlement statements, verification of employment, etc.
Once all conditions are met and cleared to close status is achieved, we can close at the convenience of the borrower.
Apply now for a better mortgage experience through MetaSouth Mortgage