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Homebuying Basics

Welcome to Homebuying 101

There are many important things to consider throughout the homebuying process, especially if you’re a first-time homebuyer. Here’s some information that will keep you on track.

Real Estate Agent Responsibilities

  • Preview available homes to weed out those that are overpriced or undesirable in some other way
  • Present the homes that suit your needs as you've defined them
  • Help you determine the difference between a “good buy" and a property that, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future
  • Negotiate the best deal for you — with a pre-approval letter from SSB in hand, your real estate agent will be able to demonstrate that you are a qualified and capable borrower

Security Mortgage Responsibilities

  • Assist you in selecting the best loan to meet your personal situation and goals
  • Keep you informed of your loan status throughout the entire process
  • Keep your real estate agent informed of our loan progress (though your personal information is always kept confidential between you and the bank; only status updates and progress are shared)
  • Get the appropriate loan for you with the best rates and fees, which will save you significant money "up front" and throughout the years to come

Your Responsibilities

  • Keep your real estate agent and personal banker informed of any questions or concerns as they develop
  • Keep the process moving by providing documentation and decisions as soon as reasonably possible
  • Enjoy purchasing your home but try to remain objective throughout the process so you can make the business decisions that are best for you
  • Make sure you are pre-approved as early as possible
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