A Step-by-Step Guide to the Purchase and Refinance Mortgage Process
Overview of the Purchase Mortgage Process: Determine your budget: Calculate your monthly income, expenses, and debt, and get pre-approved for a mortgage. Find a property: Look for homes that fit your criteria, such as size or location. Make an offer: Submit an offer to buy the property, including the price and any contingencies. Get a mortgage: Apply for a mortgage loan if your offer is accepted. Provide documentation about your income, assets, and credit history. Close the loan: Attend a closing to finalize the sale, sign paperwork, and pay closing costs. Overview of the Refinance Mortgage Process: Determine your goals:…