WE MAKE IT EASY!

Purchasing a new home may have you climbing the walls, but with our help and a some helpful tips that we can provide, you should be on your way to a simple home purchase process.

Between your real estate agent and the help of our expert home mortgage team here at Mortgage Mobility, LLC, there is very little for you to do. We put together 7 steps that take you through the process.

• Step 1 is: Research & Budgeting
  Before you begin home shopping, it helps to figure out your budget. That way there are no surprises later on, and you can fully enjoy home ownership rather than look at it as an overwhelming burden.
  
  To determine your purchasing power, you need to consider factors such as monthly income, monthly debts, down payment amount, loan closing costs, and your credit history. For help, you can use any of our easy calculators and tools that mortgagemobility.com has to offer on our website or feel free to call one of our mortgage specialists @ 1-800-387-0818 weekdays from 9am-5pm or weekends @ 267-784-3667.
• Step 2 is: Determining Your Price Range
  Pre-qualifying for a particular home loan amount helps your real estate agent focus your home search so you only look at homes that fit within your price range. In fact, many real estate agents require either a pre-qualification letter or a certificate of pre-approval before showing you a home. You can pre-qualify in just a few minutes by speaking with one of our mortgage specialists at 1-800-387-0818 or by filling out our online form. You won't have to supply any documentation until you actually start the home process. We can simply determine how much you can afford to borrow so we can send you a pre-qualification letter right away. Once again, this process takes minutes and there is no charge.
• Step 3 is: Home Purchase Pre-Approval
  A pre-approval certificate is the best way of demonstrating your ability to purchase a home. Pre-approval offers are also given stronger consideration by a seller than pre-qualification letters. To issue you a pre-approval certificate, your mortgage specialist will ask you for documentation such as W-2 forms, paycheck stubs, and bank account statements, then run your credit report to establish creditworthiness. Once complete, and everything checks out okay, your letter can be in your hands so you can submit the best offer for your next home.
• Step 4 is: Search For a Home
  Now we get to the fun part - searching for your ideal home! You can browse the homes for sale at various online websites, in the classified section of your local newspaper, visit open houses, or find a real estate agent. A real estate agent not only has access to homes not always advertised in the paper, but will help you locate homes that meet exact price, size and other criteria. Mortgage Mobility, LLC works with hundreds of agents in PA and NJ and can help you find an agent for your specific home shopping area.
• Step 5 is: Make an Offer on a Home
  Typically, the homebuyer or real estate agent will present an offer to the seller or their representative that includes the following information:
  • The proposed offer price
  • Seller concessions (If applicable)
  • Financing contingencies (If applicable)
  • Home inspection contingencies (If applicable)
  • A specific outline of what is to be included in the sale of the home
  • The "earnest money" deposit amount to be tendered with the offer
  After the seller reviews your offer, it will either be accepted, rejected, or turned into a counter-offer. Any change to an offer is considered a counter-offer. An offer does not become a contract until both you and the seller (including all parties to the transaction) accept it. After acceptance, you and the seller will sign a home purchase agreement to finalize the deal.
• Step 6 is: Lock-in Your Rate
  After signing a home purchase agreement, you're ready to lock-in an interest rate. This freezes your interest rate and protects you against market fluctuations for a specific time period. Mortgage Mobility, LLC offers instant pre-approval and same-day lock-in for 60 days. You can count on getting the best available rate with minimal fees from Mortgage Mobility.
• Step 7 is: Closing
  After locking-in your rate, your team of mortgage specialists will go to work to close your home loan in conjunction with all third-party vendors. A processing specialist will schedule an appraisal and make certain that your file is complete and ready for final underwriting review. While all of this is going on, your escrow and title companies are working to gather the proper paperwork and approvals. Once all escrow conditions are met, your home loan is ready to fund, record, and close. The home is yours!!