Simplifying the home-buying process, one transaction at a time

Many homebuyers will put off the home search out of fear and intimidation of the process. There is a lot of misinformation out there and, yes, even some scary stories of home-buying transactions gone awry. At Premier Mortgage Resources (PMR), we’re changing that.

We’re on your side and here to go through the entire process with you from the initial conversation about your future financial goals, and all the way through to every real estate transaction throughout your lifetime.

If you’re just beginning to think about homeownership, congrats! You’ve already taken the first step. Let’s talk about what’s next.

  1. Before applying: If you’re ready to purchase real estate, you’ll want to get pre-qualified. This can be a quick process that will help you determine your budget, and how much you’re qualified to borrow. Your lender will conduct an assessment of your financial health and guide you accordingly. This can be done by phone, in-person or online.
  2. Applying for a loan: Your lender will help you gather important documents like pay stubs, bank statements and asset verification.
  3. Loan application processing: Once all of the important documents are curated, your loan processor will review everything to ensure accuracy. If anything is missing, your lender will help you gather what is needed. Next, it goes to the underwriter!
  4. Review from underwriter: At this step, the underwriter will go through your entire loan package with a fine-toothed comb. All documentation, employment information, credit and disclosures will be analyzed to be sure all contingencies have been met and that you have a pathway to closing on your loan.
  5. Closing time: You made it! This is the last step in the process, and the most exciting. Once you’re cleared to close, you will get all of your closing details such as costs and loan terms. Documents will be signed to officially transfer ownership of the house from the sellers to you and you are officially considered the homeowner!

If you’re ready to get started on your journey to homeownership, don’t hesitate to reach out to us! Our team is here to help make your experience an exceptional one.

Related News

Lower Your Monthly Mortgage Payments: Practical Strategies

Lower Your Monthly Mortgage Payments: Practical Strategies

Owning a home is a big financial commitment, and finding ways to lower monthly mortgage payments can provide welcome relief. Whether you're looking to improve your cash flow or make homeownership more affordable in the long run, there are several ways to reduce your...

Myth vs. Reality: Common Mortgage Misconceptions

Myth vs. Reality: Common Mortgage Misconceptions

Navigating the mortgage process can feel overwhelming, especially when common mortgage misconceptions create uncertainty for potential homeowners. At Premier Mortgage Resources (PMR), we’re committed to clearing up the confusion and providing the guidance you need to...

Avoiding Mortgage Scams: Red Flags to Watch For

Avoiding Mortgage Scams: Red Flags to Watch For

Buying a home is an exciting milestone, but the mortgage process can feel overwhelming — and scammers are ready to take advantage. Knowing how scammers work is key to protecting yourself. Mortgage scams can create financial trouble and add extra stress to what’s...