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Buying a home is a big step, and we at Mercedes Homes want to help you through this process. Our success is based on our ability to gracefully guide homebuyers through the process.
Your first step should be to check the numbers. You will need to look at affordability issues, such as monthly payments (be sure to include
insurance, utilities, taxes, etc). There are many types of loans available, and we highly recommend working with a mortgage broker or
company to determine what is best for you. You can do a bit of homework for yourself using online mortgage calculators. You can also contact
a mortgage company for more detailed analysis,
recommendations, and pre-approval.
Before you look at specific homes you should first choose the type of community that best meets your needs. Begin by deciding your
priorities; How important is it that you be located near - schools, your workplace, healthcare facilities, or entertainment? Mercedes is
proud to build a variety of community types to fit a wide range of desires and needs.
So, you know where you want to live. Choosing the perfect home means finding the right type of place with the right number and types of
rooms. Determine what size and type of home best fits your needs. What are your space requirements? What types of rooms do you need? How
many bedrooms? Do you need a home office? The staff at
Mercedes Homes communities are well adept at assisting
in this phase.
Now that you have found your home, it's time to work out the financial details and secure a loan. Things you will consider in this phase
include: How much will you put down and how much will you borrow? What are the closing costs? How much will your down payment be? What will
your interest rate be? Fixed or variable loan? These are some of the questions to consider here. Your mortgage representative will be glad
to walk you through the process, and break things down in simple terms.
To simply the process, Guaranty Mortgage offers hundreds of loan choices to their customers, but their strength lies in the knowledge and experience of their loan officers. Many of their loan officers have been in the industry for decades and have successfully handled all types of home buying situations. Their loan officers are responsive, professional and readily available to customers to answer questions and move through the mortgage process smoothly. They are happy to review your situation and guide you easily through the mortgage process.
If you are financing your home, your mortgage company will require proof of a valid homeowners insurance policy prior to close. Typically
your first year's insurance will be part of your closing costs, while your later payments can be rolled into your monthly payment.
Typically on the day of your closing you will do a final walk-through and inspection.
Typically your mortgage company has collected all of the necessary documentation and you will need to bring a certified funds (bank check or
wire transfer info). Once you approve and sign the documentation, the house is legally yours. Grab your keys and get ready for that
housewarming party!
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