The dream of home ownership has never been more within your reach. Below you will find information on each step
from pre-approval to closing on time. Please contact me at any time to learn more about this process.
- Get Pre-Approved
- First you will need to speak with a mortgage planner, they will ask you some personal
information, including, but not limited to the following:
- Personal contact numbers
- Social Security Number
- Address
- Place and Length of Employment
- A brief credit report will be run and a pre-qualification letter will be prepared
- The pre-qualification letter will inform us of our pricing criteria, please note that most
agents require you to have this in order to begin the buying process
- Our job now is to take the information obtained from the pre-qualification and begin to
find you the perfect home.
- Before we can begin, we will need you to sign several forms for us. These forms are to
protect both you and us throughout this search for the perfect home.
- On our first trip out, we will have already discussed several properties to view. We will
have a MLS printout of each property for you to reference throughout the day.
- We will also provide you with a Comparative Market Analysis, this will let you know how
this property compares to other properties in the area.
- We will continue this process until we find you the perfect house
3. Sign and Deliver The Documents
We want to get you into the house of your dreams, but once again, we will have several forms
to go through and submit to the listing company.
Once we have decided on the home of your choice…
- We’ll go over the numbers that work for you (Do you want to give the full asking price?
Do you want to offer a lower price? When do you want to close? How much money do we
need for the earnest money deposit? Etc.)
- The earnest money deposit is placed with the contract at the time of the offer, this is
usually between $500 and $1,000, and is credited back to you at the closing
- A check in the earnest money deposit amount will go to the listing company, to be held in
escrow, once the contract is signed.
- After we have gone over all the numbers, we’ll prepare the contract and all of it’s
attachments, have you sign them, then submit them all to the listing agent.
- The seller will either accept your offer or will submit a new offer back to you, this is
usually called a counter-offer
- You can either accept their offer or you can counter-offer
- Once both you and the seller agree, you will both have to sign the contract. The contract
is not valid until both parties have signed.
- We will provide you with a copy of your contract and we’ll start the closing process.
- You will now need to meet with your mortgage planner, they will need you to sign several
various forms, including, but not limited to:
- Application
- IRS Information Forms
- Credit Forms
- RESPA Forms (making sure you are fully informed)
- The mortgage planner will now let you know when you have been fully APPROVED!
- We will now settle on a closing date and time and set it up with an attorney of your choice
- Inspection and Termite Reports will now need to be done
- The inspector will present you with a comprehensive report about things that need to be
repaired or replaced
- A couple of days before closing…
- You’ll be getting your closing information from your attorney
- You’re attorney will fax me a Settlement Statement
- Once we have the approved Settlement Statement, we will call you and go over the
numbers and inform you of the actual closing funds required
- Everyone will show up, you, me, the seller, his agent and sometimes the mortgage
planner
- Once all the documents are signed, the Attorney has to wait for the Lender’s
funding before they can record
- Don’t be alarmed if you can not move in until the next day
- Don’t hire a moving van until you have talked with me or an attorney
What Could Be Easier? Listed Below Are The Names of Some of Our Trusted Lenders, Feel Free To
Give Them A Call and Be Sure to Tell Them That I Referred You...
- Bank of America; Faith Crowder, Mortgage Acct Exec and Vice President; 3100 Tower Blvd, Ste 930, Durham,
NC 257707; Phone: 919.493.5384 or 800.285.6262; Fax: 919.489.0130;
http://ae.bankofamerica.com/faithhcrowder
- Countrywide Home Loans; Aaron Herstein, Home Loan Consultant; 2000 Regency Parkway, Ste. 140, Cary,
NC 27518; Cell: 919.614.5626, Office: 919.804.6363; aaron_herstein@countrywide.com
- Fidelity & Trust Mortgage; Keith Ennis, Mortgage Specialist; 3921 Sunset Ridge Rd, Ste. 102;
Raleigh, NC 27607; Phone: 919.232.5151; Mobile: 919.723.1539; Fax: 877.862.9417; kennis@ftloan.com
- New Millennium Mortgage, Mike Grissom, 1700 Parham St, Henderson, NC 27536, 252.433.4615, Ext. 103,
Fax: 252.433.4722
- RBC Centura; Karen Strother, Manger P & BB; 608 N Main St, PO Box 727, Creedmoor, NC 27522;
Phone: 919.528.1526 or 919.528.9326; Fax: 919.528.2549; karen.strother@rbc.com
- Southern States Mortgage, Robert Powell, 4016 Barrett Dr., Ste. 203, Raleigh, NC 27609, 919.785.7176,
Fax: 919.785.3037, robertp@ssmcom.com
- Union Bank & Trust Co; W Scott Burnette, Vance County Market Exec or VP; PO Box 429, 108 College St, Oxford,
NC 27565; Phone: 919.603.5030 or 252.425.7276; Fax: 919.603.5130; sburnette@unionbanknc.com
- First Metropolitan Mortgage; Debbie Callis; 4720 Piedmont Row Drive, Second Floor, Charlotte, NC 28210;
Phone: 919-691-5106 or 252-436-2106; debcallis@nc.rr.com
- Gateway Bank Mortgage, Inc; Eric Trace, Asst VP/ Mortgage Loan Officer; 2235 Gateway
Access Point, Ste 300, Raleigh, NC 27607; Ph: 919.865.1066; Fax: 919.865.3437; Cell:
919.745.7918; ericetrace@gwfh.com
- Prime Lending; Dee Hughes, Senior Loan Officer; 5400 Glenwood Ave, Raleigh, NC 27612;
Direct: (919) 334-9027; Cell: (919) 946-0423; Fax: (866) 593-3119;
www.theHughesTeam-NC.com
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