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MBC Agents have the winning solution to assisting in finding the home of your dreams

Steps to Becoming a Homeowner

STEP 1 Financing

  1. Getting Preapproved for a mortgage

  2. Downpayment Assistance

  3. Cash

  4. land Contract

STEP 3 Select a home and make an offer

  1. Perfect location

  2. Know your criteria

  3. Market verse appraise value

  4. Purchase agreement and disclosures

  5. Negotiating 

STEP 2 Hire a Realtor

  1. Expirence

  2. Knowledgable about the market

  3. Professional

  4. Involved in the community they serve

STEP 4 Inspection and Closing

  1. Hire a private inspector

  2. HUD 1/Settlement Statement

  3. Escrows, Commissions and fees

The Home of Your Dreams is One Click Away

Important Terms You should know 

Mortgage Preapproval Letter

A pre-approval is generally a written statement from a lender stating the lender's preliminary determination that a borrower would qualify for a particular loan amount under that lender's guidelines. The determination and loan amount are based on income and credit information.

Short Sale

A short sale occurs when a lender agrees to accept less than the full balance of the amount owed in order to release their lien on real property. Short sales have become a popular solution for homeowners who wish to sell their property but owe their lender(s) more than their home is worth.

Purchase Agreement

A contract between parties for the purchase and sale, exchange, or other conveyance of real estate. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds. Real estate contracts are typically bilateral contracts and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable.

HUD 1/Settlement Statement

A standard form in use in the United States of America which was used to itemize services and fees charged to the borrower by the lender or broker when applying for a loan for the purpose of purchasing or refinancing real estate. HUD refers to the Department of Housing and Urban Development.

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