Buying a Home
Before you begin viewing properties, it is important to know your price range. Prequalification can take only minutes over the phone with one of our Mortgage Specialists who will provide you with a letter outlining your ability to afford the houses you want to see.

 

Once your price range has been established, the next step is to find a Realtor with whom you are comfortable. A strong working relationship with a Realtor you can trust can simplify the whole home buying process. Independent Mortgage is currently associated with many top Realtors in your area. Please click on our Realtor page to review the list of agents we have found to be especially helpful in the past.

 

Prequalification: The loan process begins with a personal meeting with one of our Mortgage Specialists. We will sit down at your convenience to analyze your financial situation and assess your home financing needs. For the home buyer, a prequalification letter outlining your ability to purchase a home, is a strong addition to any offer.

 

Numbers:
Once we have determined how much of a loan amount you qualify for, we will go over a Good Faith Estimate of costs with you. This document covers your closing costs, down payment, and escrow's for real estate taxes, homeowners ins., PMI, prepaid interest, condo fee, and total payment per month. This helps to determine if you have enough money and can afford the payment per month.

 

Documentation:
Once the appropriate loan program has been determined, we will gather the necessary documentation. Depending on your individual needs, this documentation could include w-2s, pay-stubs, tax returns, asset statements, or rental agreements. All relevant information will be added to the application package and sent to the lender for approval. Your Mortgage Specialist will go over all the documentation and disclosures with you, answering any questions you may have. At Independent Mortgage, we strive to have a hands-on, accessible relationship with our borrowers and will be available anytime to assist you.

 

Closing:
Once the final approval is obtained from the lender we will schedule a closing with the attorney. Prior to the actual closing your Mortgage Specialist will go over all of the final numbers with you making sure any last minute questions are answered. Our goal is to keep you updated and informed through out the lending process, thereby eliminating any stress or anxiety associated with closing your mortgage loan.