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Purchasing a home has always been a component of the American Dream. Aside from owning the home which you will live in, home ownership provides many incentives that renting simply does not. Making the leap to home ownership may seem like a daunting task. However, with Freedom Lending, a trusted advisor will help you in the process and alleviate the stress associated with the biggest investment in your life. The purchase process can be divided into the following:
- Pre-Qualification for mortgage
- Start the search for your dream home
- Secure your dream home with a Sales Contract
- Formal application process for mortgage with trusted advisor
- Collection of all important income and asset documents, and all other documentation requested
- Product selection with guidance from trusted advisor
- Loan processing
- Loan underwriting
- Loan decision/approval
- Closing and clearing of all contingencies
- Welcome home!
Through the process of purchasing your home, you will be bombarded with lots of key decisions. You will have to decide how much you can afford and how much mortgage you want to commit to. A home purchase is often the single largest transaction any individual makes. Equally, it is often the single best investment any individual makes.
With the help of a Freedom Lending trusted advisor, you will know exactly the range you will be able to afford and commit to, based on income, assets, and overall financial strength. You will also be educated on the advantages and disadvantages of various loan programs.
Home ownership is not simply buying a home. It is committing yourself to a potentially splendid investment. The government provides tax incentives for those who own homes. Mortgages can become financial vehicles, and eventually help strengthen your financial portfolio. For these reasons, it is vital to work with an experienced, knowledgeable, and trustworthy mortgage consultant. Freedom Lending welcomes that opportunity!
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