Buying a home and getting a mortgage in California can seem like an insurmountable task. Before getting overwhelmed, take a deep breath. The best place to start is to find more information and become educated. Look into this database of blogs to help you get started.
Once you’re more familiar with the lending industry, focus on learning about specific loan options and loan programs. What type of loan are you looking for? Are you more concerned with a low down payment or a low monthly payment? Getting an idea of different loan options will prepare you to move forward confidently.
Get a Free Consultation
At this point, you should feel prepared and optimistic. You’ve done all that you can on your own, and it’s time for a free meeting with a consultant to get personal, professional advice. Especially if this is your first time buying a home, having someone take the next step with you will set realistic expectations and help you on your way to getting a mortgage in California.
Why Getting Pre-Qualified Matters
Getting pre-qualified gives you leverage in the buyer process as you work with sellers. It shows that you are serious and reliable. Also, it gives you an advantage to move more quickly through the buying process once you find the property you want. With how quickly homes on the market are selling, it’s important to be ready to pull the trigger.
You’ve come a long way from where you started. After meeting with a consultant and getting pre-qualified, you’re ready to apply for a loan. While applying for a loan is easy, it’s important to choose the right lending agency. After that, you’ll just need to gather the necessary information.
Now that your application has been submitted, the loan agency will ensure that all the necessary documentation has been received and reviewed. Once approved, you’re ready to buy your first home.
Closing escrow is the terminology of the sale being completed. This is largely the responsibility of your lender to ensure that everything has been taken care of for the deal to go through. Getting a mortgage in California can be easier than you think!
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* For loan examples and more information visit our disclosure page at https://www.uslendingcompany.com/disclosures/