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October 13, 2015

Your Team: What to Expect

Homeownership
Your Team: What to Expect

Welcome to our "what to expect" blog series, today's focus is on what to expect from your team. The typical homebuyer will look at 10 homes over a 10-week period so finding and working with the right team is critical.

With your team of experts onboard, you are one step closer to making your dream of homeownership a reality. Here's what you can count on each of them to do:

 

Housing Counselor

  • Work with you to complete your mortgage loan application.
  • Evaluate your credit, financial, employment and personal information to determine how much you are qualified to borrow.
  • Educate you on the different mortgage options, rates, points and general mortgage terms.
  • Help you find the mortgage financing option that meets your financial capacity and personal goals.
  • Keep track of all activities throughout the loan approval process and keep you informed of key changes.
  • Provide you with the necessary forms before and at closing.

Real Estate Agent

  • Help you find your ideal home at the right price.
  • Answer all of your real-estate related questions.
  • Provide helpful information about neighborhoods, shopping, local schools, tax rates and safety.
  • Handle the negotiations with the seller, working to get you a fair price.
  • Represent your needs.

Lender

  • Work with you to complete your mortgage loan application.
  • Evaluate your credit, financial, employment and personal information to determine how much you are qualified to borrow.
  • Educate you on the different mortgage options, rates, points and general mortgage terms.
  • Help you find the mortgage financing option that meets your financial capacity and personal goals.
  • Keep track of all activities throughout the loan approval process and keep you informed of key changes.
  • Provide you with the necessary forms before and at closing, including the new Loan Estimate and Closing Disclosure to help you understand all costs.

Follow this series to learn what to expect about other important topics and visit My Home by Freddie MacSM where we discuss it all.

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