It is always important to obtain a solid pre-qualification by a professional mortgage planner. This can help you understand what to expect in terms of payment and affordability. You will also be considered a serious buyer by your real-estate professional. With the recent credit crisis and changes in lending standards, it is essential to have an accurate assessment of your credit situation and qualifications.
At Halliburton Homes, you will have management support when making an offer. Your experienced sales associate will set you up to receive an automatic notification of all new homes that fit your specifications as soon as they hit the market. A market report can be provided to you, including current interest rates and sales volume specific to your price range, upon request.
Your credit score is the number one item that affects what rate you will have on your mortgage. There are 3 scores received from the 3 reporting agencies including Experian, Equifax, and Transunion in a report. Lenders will use the 3 scores which can have a positive or negative affect on your mortgage rate.
We recommend our clients to check there credit at least once for accuracy and for buyers to understand that there are 4 ways credit scores can be negatively affected.
Our experienced sales associates will guide you through every step of this process. Depending on your offer, you may complete an offer to purchase or go straight into contract.
In the state of New Jersey, contracts are signed by both parties (Buyer & Seller) before they are considered to be fully executed. They must be delivered to both the buyer & seller and their representation before attorney review can begin. This is typically a three day period for you to review the contract and make any necessary changes. Once you are comfortable with the contract, attorney review will conclude and your contract will be binding.
This is an extremely important step in the home buying process. You want to be sure your investment is solid. The cost for a home inspection should cost between $300 - $400 for a condominium and $600- $800 for a multi-family home.
Closing costs include attorney fees, home inspection, tax escrow, maintenance capital contribution, title insurance, appraisal fees, lender application fees, and recording fees.
Start organizing and packing as soon as you receive your mortgage commitment. Spread out over time, the process will make your move much easier as opposed to tackling it in a couple of days.
We offer customized service for any potential needs you may have in your new home, including painting and repair, closet design, flooring, and window treatments. We encourage you to schedule a visit with Liza Rogala, our staging consultant, to look over sample materials. Your Halliburton Homes Sales Associate can accompany Liza or any representative to give you estimates in advance to closing. This will give you time to make the decision to have work done, schedule it, and have it completed before you move into your new home.