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8/27/2008

What Can You Expect From the Home-Buying Process

At Primary Capital Mortgage, we like to think that we make the complex things simple, the scary things reasonable. We see the big-picture process lining up like this:

1. Get Organized:

It may take some time, but before you apply, track down the relevant paperwork. This will facilitate the loan application process immensely.

2. Budgeting:

This worksheet helps balance your current income and debt with the costs associated with a home.

3. Calculators:

You need to be realistic with your expectations. Make sure the homes you're looking at are within your loan price range. Prequalification uses your budget worksheet and cash on hand for a downpayment to offer an idea of what you can realistically afford.

4. Shop for a Home:

This is the fun part. Having run the numbers, start attending those open houses or find an area realtor!

5. Mortgage Process:

After you've found your perfect perch, we'll work with you to secure the financing to make it yours.

6. Closing:

It all leads to this. Here's where the papers are signed, the fees are paid, the funding is settled. And best of all, you get the front-door key.