Secure a loan. Now call your mortgage broker or lender and move quickly to agree on terms, if you have not already done so. This is when you decide whether to go with the fixed rate or adjustable rate mortgage and whether to pay points. Expect to pay $50 to $75 for a credit check at this point, and another $150, on average to $300 for an appraisal of the home. Most other fees will be due at the closing.

If you don’t already have one, look into taking out a homeowner’s insurance policy, too. Most lenders require that you have homeowner’s insurance in place before they’ll approve your loan. If you don’t have a clue about where to start in this process, just ask your agent for suggestions.

For more information about this process and about lenders, give me a call.

 

John Miller – Broker
J Miller Realty & Associates
The Realtor Experience
919-264-4364
jtm.garealtor@gmail.com
jmillerrealty.com
www.findnew.homes/johnmiller/
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