For our First-time Home Buyers
As a first time home buyer, I know that purchasing property can be
Please call me to clarify any of this material : (808) 922-3100
When considering a new home purchase, first look at your finances.
How much of a down payment can you make? Remember you may need
additional funds for loan "points" and / or closing costs.
Next, meet with a mortgage banker or broker. They can look at your credit
history and your current financial situation and help determine how much
you can borrow, and what kind of loan is best for you. (There are
different types of loans that the loan officer may recommend, including
fixed rate, adjustable rate, or interest only loans.) They can also let
you know what other associated closing cost or loan points may be
Now that you know what you can afford, it's time to find a home. Meet
with us so that we can review with you the properties for sale in the
neighborhoods or districts that you like, and help to arrange showings
When you have found the property that you want to purchase, we will
prepare an offer to purchase contract, which we will submit with your
earnest money deposit.
Once the offer is accepted by the seller, a neutral third party
(escrow) will be opened to handle the transfer of money and property
between the parties. Typically the escrow process takes one or two
months to complete.
During the escrow process, the lender will require an appraisal of
the property, and a termite inspection (within two weeks of the close of
escrow), in order to guarantee financing.
The terms of the contract will allow a
certain amount of time for you to perform any needed inspections of the
property itself, and all records of it.
If you are dissatisfied with the inspection
results you may:
request repair of non disclosed items,
request a credit from the seller against the property sales price,
you may cancel the contract, or
you may accept the property as it is.
When all the requirements of the sale
contract have been completed, the loan has been approved and documents
submitted to escrow, a closing date will be scheduled for you to meet
with escrow and the loan officer to sign final documents and pay the
remainder of your down payment.
Usually within three (3) business days of the
signing of documents, the sale will be recorded, and you will receive
You are now the owner of your new home.
you for allowing us to help!
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