January 22nd, 2020 8:43 AM by Jackie A. Graves
The success of your homebuying experience depends largely on the company you keep. As you set out to find the right home, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid any issues along the way.
Your homebuying team will likely include a housing counselor, real estate agent and lender – each performing different, but complementary roles. Before you select your homebuying team, take the time to fully understand each of their specific roles and responsibilities.
Housing Counselor
Real Estate Agent
Lender
Provide money management skills
X
Help you build and improve your credit
Assess your readiness for homeownership
Educate you on down payment options
Help you find a home that’s right for you
Provide information about neighborhoods
Manage purchase negotiations with the seller
Help you complete your mortgage loan application
Determine how much you’re qualified to borrow
Educate you on rates, points and general mortgage terms
Help you understand financing options
Ensure you understand all costs related to your loan
Help you understand documents you’ll sign
Represent you at Closing
There are other professionals who’ll be involved in your home purchase – including your loan officer, home inspector and home appraiser – but your core team will manage those relationships and associated tasks.
Remember, your team is there to help ensure success with one of the largest purchases of your life – don’t be afraid to reach out and ask questions along the way. For more information on buying a home visit My Home by Freddie Mac®.
Source: To view the original article click here