Congratulations on your decision to purchase a new home! Buying a home may be the biggest financial decision of your life, so it is important to make the right decisions and pay attention to the details. With the assistance of your real estate agent and Willamette Valley Bank loan consultant, it should be an efficient, pleasant, and ultimately rewarding experience.
There are several important factors to consider throughout the home-buying process – especially if you’re a first-time homebuyer. At Willamette Valley Bank Home Loan Division, we want you to be as prepared and organized as possible. Here are a few helpful hints to keep you on track along the way:
Trust Your Real Estate Agent to:
- Preview available homes and eliminate those that are overpriced or undesirable
- Show you homes that suit your needs as you’ve defined them
- Help you determine the difference between a “good buy” and a home which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future
- Negotiate the best deal for you. With a pre-qualification letter from us in hand, your real estate agent will be able to demonstrate that you are a qualified and credible borrower. This will strongly influence the seller, and could be the difference between the seller accepting your offer or someone else’s.
Trust Your Loan Consultant to:
- Help you select the loan option to meet your personal situation and goals. (This single decision may save you thousands of dollars over the years!)
- Keep you abreast of your loan status throughout the entire process
- Inform your real estate agent of your loan progress (Note: your personal information is always kept confidential between you and Willamette Valley Bank; only deal points and progress are shared.)
- Find the appropriate loan for you at competitive rates and fees. This will save you significant money down the road.
Trust Yourself to:
- Notify your real estate agent of any questions or concerns along the way
- Keep the process moving by providing documentation and decisions as soon as reasonably possible
- Enjoy buying your new home, but stay objective throughout; only make business decisions that are best for you
- Make sure you are pre-qualified early on, which gives you the financial power necessary to find your new home