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How the deal gets done: Closing on your new home.
For most homebuyers, pre-qualifying for a home loan and signing a contract are major steps. But that’s just the beginning of the journey towards home ownership. And the rest of the trip can sometimes make or break the deal. It’s during this period that the lender is trying to complete the financial package, the title company is doing the necessary research, surveys and appraisals are put into motion, and the homebuyer orders home inspections and obtain homeowners insurance.
How the Mortgage Landscape Has Changed
There used to be an almost dizzying variety of mortgage options out there. But that was then. This is now. And anyone who wants to buy a home these days needs to be prepared for a shrinking number of choices.
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