Get Prequalified : Click on the :60 Pre-Qualifier button or contact Canyons Mortgage today and let a Personal Loan Officers professional help you get started and answer your questions. NO COST, NO OBLIGATION. It only takes a few minutes to complete the initial application and we can have your Pre-Qualification decision ready quickly.
Determine a comfortable purchase price range for your financial situation : Being Prequalified for a certain dollar amount doesn’t mean you have to spend all that money! An outstanding Realtor will help you to find strong ‘value’ in a potential home, not just homes which all push your financial limits. Be sure to plan ahead for potential unknown or upcoming repairs, new roof, HVAC or A/C repair or a kitchen remodel, etc.
Go House Hunting! Many people begin their home search online using what they may think are ‘current or detailed’ national search sites. Not so! Don’t be surprised to find that many search sites will not include all the properties actually for sale in a neighborhood. Even the single ‘national’ sites simply do not have fully updated and accurate data identifying all the potential homes for sale. In addition, these sites will often show properties which are already Sold, Under Contract or Off The Market. This can be extremely frustrating and time consuming for you. Take a moment, ask us for a referral and talk to an outstanding Realtor to dig out the best properties for YOUR needs, many of which will not be advertised well. It is not unusual to view 7 – 15 homes before making a decision to make an offer on one.
Make Your Offer On Your Home Choice : Your Realtor will professionally negotiate on your behalf with the seller’s agent until an agreement can be reached which you will approve. The final Purchase Price, Closing Costs, timing and more can be negotiated by a talented Realtor which may offer you additional benefits you may not have even considered!
Lock In Your Interest Rate : Once you are ‘Under Contract’ be sure to send all copies of the REPC (Real Estate Purchase Contract) package to your Loan Officer at Canyons Mortgage ASAP. Time is critical in getting your final loan approval started. If you have been Pre-Approved, (a very wise idea!) the process of getting ‘Final Approval To Close’ will move quickly and you could close on the home within 3 – 4 weeks or according to the requirements in your REPC. A detail-oriented Realtor will stay on top of getting all the contract paperwork to Canyons Mortgage, your Title company and others – you may even receive a ‘Quick reference Timeline’ from your Realtor showing you all the important Deadlines in the contract.
Perform Your Due Diligence and Schedule a Home Inspection: You are allowed to inspect any part of the home, have contractors do estimates and more – but, be sure to schedule an professional Home Inspection company to fully inspect every aspect and detail of the home you may feel is important to you. Your Realtor will be able to refer to you several reputable and professional inspectors and will be present for the inspection as well. Should you find any health, safety or other issues of concern, your Realtor will also help negotiate the costs of any necessary repairs prior to closing. You may choose to have the seller repair everything, or you may choose to make some repairs yourself and purchase the house for a lower price.
Consider A Home Warranty Plan: There are a variety of both pros and cons to having a home warranty plan in place when you purchase a home. Depending on the age and condition of the home, you may consider a plan to help you anticipate your future use of the property.
Pre-Arrange Homeowner’s insurance: Canyons Mortgage recommends you shop several home insurance companies to compare rates and services. You may also receive ‘multi-line’ discounts if you bundle (group) your homeowner’s insurance with your car, boat, etc.
NOTE: Many insurance companies pull your credit score and your credit rating in determining your rates on homeowner’s insurance (and auto as well, for that matter!) This is one more excellent reason to maintain your good credit before purchasing your home. We maintain strong relationships with many outstanding insurance providers – we will proudly refer them to you or obtain an insurance quote from you.
Final Walk-Thru of the Home Prior to Closing : Yes, you have the right to do a ‘walk-thru’ just prior to actually Closing the sale to insure that the property remains ‘as described’ in the contract.
Title Settlement & Closing : Settlement, often referred to as Closing, occurs when you actually sign the final loan documents along with title company documents – commonly Settlement is performed at the Title Company offices, however, arrangements can also be made if you are away from the area when needed. Upon actual ‘recording’ of the deed at the County offices, the transaction is officially ‘Closed” and the property is legally yours! Depending upon the date arrangements per the contract, the keys to your new home are now yours! Congratulations!
