Fast Track to Buying Your Next Home

  • March 11, 2015

When you’re ready to buy a home, even if you’ve been through the experience before, there’s a lot you need to know. You’ll want a team of experts to rely on to help guide you through the process as smoothly as possible so you can turn that “dream” of owning the home you really want into something even more special. Reality. Follow these steps to help you get there.
1. Choose your real estate partner.
From understanding your local market to negotiating deals to navigating real estate laws and contracts, your real estate professional is one of the most important members of your home buying team. So choose carefully: ask for referrals from people you trust. Then check the agent’s background and success record yourself.
2. Choose your mortgage partner.
For first time and experienced homebuyers alike, the mortgage is typically the largest and most complex financial transaction most people will ever make. You’re making a substantial commitment for years, even decades. So you’ll want to be sure your mortgage partner has your best interests at heart. Ask a lot of questions and be sure you understand your options and obligations.
3. Get pre-approved.
Nothing tells a home seller you’re more serious than a pre-approval letter from your mortgage lender. So get one! Then shop with the confidence of a cash buyer. (Remember, a pre-approval letter is not an actual mortgage commitment but rather an “up to” loan amount that you could qualify for based on what your lender knows about you at the time.)
4. Start house hunting.
Be sure to target only those homes that fit your price range (refer back to your mortgage pre-approval letter). Most of all, picture yourself living in the home for several years. Meet the neighbors. Check out local shopping, entertainment and other services. Does it feel like home?
5. Negotiate the sale.
If you’ve found the right home, it’s time to make an offer. Rely on your agent to help you determine a price based on local market conditions and comparable homes that have recently sold in the area. Expect the home seller to “counter” your initial offer. That’s normal, and your agent will help you decide what to do next. Remember it’s always okay to walk away if the price is too high.
6. Close the deal and move in!
Your mortgage lender will walk you through everything you need to do, so you can close the deal on your new home and mortgage as quickly and smoothly as possible.
7. Protect your credit.
Be sure you make your monthly mortgage payments on time, every time. Even one missed payment could have a substantial impact on your credit rating. If you believe you may have difficulty making your monthly payments at some point, be sure to tell your mortgage lender as quickly as possible. The longer you wait to work it out, the fewer options your lender will be able to offer you.

  • Facebook Icon
  • Linked In Icon
  • Twitter Icon
  • Google Plus Icon

Latest Tweets

© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at To verify our complete list of state licenses, please visit and NMLS Consumer Access (