Mortgage Process & Closing Cost

Begin the mortgage process: There are a number of advantages to beginning the mortgage process before you look at your first house. You know your price range. If there are multiple bids on a hot property, your offer can stand out because you are already pre-qualified. It gives you peace of mind knowing that you are approved. The cost to begin the mortgage process is only about $65. Also, you are not obligated to the mortgage company until you sign the papers at closing. Therefore, you can always change if there is a better deal elsewhere.

Search systematically for a home: Develop a realistic list of what your needs and wants are. It's hard to know what a realistic expectation is until you've had an opportunity to see what's available.

Next: Choosing a Lender

• Real Estate Buying Process
• Choosing a Buyer's Broker
  • Frequently Asked Questions
• Mortgage Process & Closing Costs
  • Choosing a Lender
  • Types of Lenders
  • The Loan Process
  • Lender Recommendations
  • Buyer's Estimated Closing Costs
• Home Search & Negotiations
• Contract to Closing