Delaware First Time Home Buyer Tips – Loan Process for Home Purchase

Here is a Step-by-Step Guide to the Loan Process for purchasing a home from start to finish:

1. Pre-approval – Get pre-approved for a mortgage and know in advance exactly how much house you can afford. Completing this step will also increase your negotiating power since you’ll be viewed as a “cash buyer”.  This includes having a credit report pulled to verify you credit qualify for a loan.

2. Loan Search – Put yourself in the hands of an experienced mortgage professional, someone who will help you to determine which financing options best suit your needs today and in the future. You can also explore down payment assistance options. Keep Reading...