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Tulsa

Home Mortgages

Basics of Buying Your Home

If you know what to expect – and you have a trusted team of real estate and mortgage-lending professionals to guide you – finding and financing your home can be an exciting and rewarding experience. Here’s what you need to know.

Obtain Mortgage Preapproval Before You Begin House Hunting

  • Learn how much home you can afford.
  • Strengthen your bargaining position with sellers.

Choose a Real Estate Agent

  • Ask mortgage lenders to recommend agents they work with.
  • Select a reputable professional who will listen to your needs and make you feel comfortable.
  • Ask agents for references from former clients.

Find the Right Home

  • Determine the needs of you and your family.
  • Create a list of desirable features and take notes as you preview homes.

Make an Offer

  • Your real estate agent presents your offer to the seller, who will accept, counter or reject it.
  • When the price is settled, you and seller sign a Purchase Agreement, defining the terms of the sale.

Have the Home Inspected

  • Hire a professional home inspector after the offer has been accepted to provide an in-depth look at the basic systems of the house, to reveal any safety hazards and give you a chance to reconsider.

The Home Will Be Appraised

  • An appraisal may be required by your mortgage lender and is a formal, written estimate of the home’s current market value.

Title Insurance Will Be Obtained

  • This guarantees your mortgage lender that the property you are purchasing is free of liens or confusion in rights of ownership.
  • The policy insure your lender (and you, if you request coverage) against any losses to the property that result from defects in the title or deed.

Close on the Property

  • Ownership of the property is transferred.
  • A closing agent coordinates and distributes all the paperwork and funds.

You Become the Proud Owner of Your New Home

Whatever your home financing needs, we are ready to help with a broad range of programs, money-saving options and personalized service.

Call us today at 1-888-554-5152 for a Mortgage Loan Professional in your market.