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FIVE STAGES OF THE HOME BUYING PROCESS

1: PREPARE YOUR FINANCES

Don’t hit the open houses just yet. Make sure your finances are in order, so you know what you can realistically afford. Use a mortgage calculator to estimate your budget given your income, debt, savings and other financial obligations

2: LAND ON A LOAN THAT'S RIGHT FOR YOU

Now that you have a budget, you’re in a better position to meet with a lender and discuss loan options, current interest rates and how much you can borrow. Once you find a loan that fits your needs, get a prequalification letter, which estimates your borrowing power based on your financial information

3: SEARCH AND GET YOUR OFFER ACCEPTED

Now that you know what you qualify for, the fun of looking for homes with your real estate agent can begin. Save time and emotional energy by narrowing your search to homes that fit your financial criteria.

4: HOLD ON TROUGHT THE MORTGAGE PROCESS

Once the seller accepts your offer, it’s time to apply for a mortgage. You typically have 45 to 60 days to fulfill your purchase contract, so you need to move fast.

5: COAST INTO YOUR CLOSING

You’re almost home. Once your mortgage is approved and at least three business days before you close, you receive a closing disclosure.


Mi Casa Team @ KW Realty International Lifestyles Realtor
Keller Williams Realty Premier
Office 786-505-4553 / Luis 786-766-1777 / Sarai 786-565-7553 / Francisco 786-353-6004 / Karol Guzman 786-588-4323 / Yenifer Galo 786-459-7176 / Vivian Guerra 786-571-7684
10900 NW 25 ST , Suite 200 , Miami , FL 33172
info@micasasouthflorida.com
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