MORTGAGE PROGRAMS FOR NEW HOME BUYERS
A small piece of heaven on Earth is your house. Commodore Mortgage gives first-time homebuyers, in particular, special attention as they work towards reaching their personal goals. If you’ve always desired to own a home and have determined the time is now. Before buying a new home, you should prepare a financing strategy. Let’s begin the process of making your dream a reality immediately.
STEP1: EXAMINE YOUR FINANCIAL SITUATION
Purchasing your first home may be one of your life’s most thrilling and overwhelming experiences. By following these easy6 steps to homeownership, you can reduce the stress of home buying.
STEP2: PRE-APPROVAL
The pre-approval process is innovative if you are prepared to look for a mortgage. It reveals how much you are eligible for, and once you have placed an offer on the house, it expedites the final approval procedure.Soon after, we’ll get in touch with you to complete your application, go through your loan choices, and address questions, giving you the confidence you need to move forward with the home-buying process.
STEP3: PURCHASE PROPOSAL
It’s time to make an offer now that you’ve located the house of your dreams!
- When you’re ready, collaborate with your real estate agent to draft an offer with specific terms that will protect you if the seller doesn’t keep their bargain.
- Make sure you include adequate time in terms of your offer to.
- Put a percentage of your down payment down to secure your offer (you’ll receive it back if the seller cannot satisfy the terms of the request).
- Get a home inspection.
- If required, schedule a property appraisal.
- Have faith in your decision.
STEP 4: ACCEPTANCE
Congratulations! You’ve just bought a new house! This is a fantastic achievement, but it requires a lot of paperwork.
Please provide the following information to your mortgage professional:
- Purchase Proposal
- MLS entry
- Condition elimination
- Your attorney’s name and contact information.
STEP 5: ADDITIONAL DOCUMENTATION
It’s finally time to make it official! You must do the following before your possession date:
- Sign your mortgage application when it has been accepted.
- Meet with your lawyer to sign your legal documents and pay the balance of your down payment.
- Purchase enough house insurance with your banking institution listed as the First Loss Payable.
STEP6: THAT'S ALL, IT'S CELEBRATION TIME
We’re here if you need us, though we suspect you won’t! All that remains is for you to get the keys to your new home and move in!