Learn About Buying A Home

When you buy a home, you can expect to go through a number of steps that include applying for financing, finding a place that fits your budget and closing on your dream home. Our team of experts at First Preferred Mortgage Company wants you to feel confident about buying a home, and we are happy to walk you through each point of the process. Some of the basics include:

Pre-approval: This process involves an application and review of your credit, income and assets, and tells you how much money you are qualified to borrow. Once you receive pre-approval, you can shop for homes with confidence since you know exactly how much you can afford to spend. Sellers often prefer buyers who have received pre-approval, since they know the financing is solidified.

Purchase: Once you've made an offer on a home, and the seller has accepted, it's time to complete the purchase agreement, a contract that indicates the amount of your offer. Once we receive that agreement, your purchase becomes our top priority. We will work to complete the purchase process as quickly and smoothly as possible, and our loan officers will keep you and your realtor updated on the status of your financing at all times so you don't have to worry. You are, after all, a partner in this process.

Closing: This is where the real estate and mortgage transactions are completed, and you officially become a new homeowner. Once the financing is fully processed, we will contact you quickly to set up a time and location for your closing. One of our expert loan officers will be with you in person or by phone at your closing to ensure that you are beyond satisfied while you are taking ownership of your new house.

Learn more about the home purchase process and how First Preferred Mortgage can assist you by visiting our FAQs.