0. Coldwell Banker® Homebuyer Guide
TRADITIONS

1. Finding and Financing A Home Made Simple
Buying Your New Home
When using a Coldwell Banker® Sales Associate, you can be confident your search for a new home will be successful.
TRADITIONS

2. The Financing Process
Two most recent pay stubs.
W-2 forms for the past two years.
Federal tax returns for the past two years.
Last two months bank statements.
Long-term debt information such as credit cards, auto loans etc.
Determine your budget and how much you can afford.
Get pre-approved for a mortgage.
Gather the documents you’ll most likely need.
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3. Getting Approved
A lender will check your credit to see if you’re a good candidate for a loan.
If your credit rating is poor, there are things you can do to improve it.
Make sure the report is correct. If not, call to fix it.
Begin to pay your bills on time.
Use two to four credit cards so you can keep track of them.
Keep a separate checking and savings account.
Keep the same job for a few years
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4. Pre-Approved vs. Pre-Qualified
Pre-Approved: confirmation the lender will give you a commitment to support your purchase.
Pre-Qualified: an estimate of what you can afford.
Being pre-approved makes you a more attractive candidate to the seller when making an offer.
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5. Deciding On A Mortgage Fixed Rate Mortgage:
The interest rate stays the same for the entire term of the loan.
Adjustable Rate Mortgage:
The interest rate is linked to a financial index and may fluctuate with market conditions. As such, payments may vary over the life of the loan.
TRADITIONS

6. Calculating Your Budget
To estimate your budget, add up your total financial worth and then subtract all the cost in the purchase.
Some expenses you may carry:
Down payment
Mortgage
Insurance
Taxes
Points
Attorney’s fees
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7. The Fun Begins Things to consider: Size of property
Type of neighborhood you desire
Quality of school system
Nearby public transportation
Urban or suburban
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8. Multiple Listings, Open Houses & Special Features
As your Coldwell Banker® Sales Associate, I can show you every home available on the market that meets your specific needs.
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9. Online Access
coldwellbanker.com provides access to over 2 million properties.
You can also find properties on
your smart phone or iPad via our mobile site or apps
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10. Online Resources – coldwellbanker.com
Home File: Quickly and easily save listings, get alerts, run automated searches, and more.
The Learn Section: Helpful articles, tips and tools for buyers such as guidelines for inspections and home maintenance costs.
Neighborhood Information: Learn the details of any neighborhood that interests you
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11. Writing the Offer
Once you’ve found the perfect home, I will write up the offer and ensure all paperwork and activities are completed so you can close on your property.
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12. The Closing
This is the meeting where the transaction is finalized. I will guide you through all closing procedures to make your home officially yours.
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13. Enjoy Your New Home
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14. ©2014 Coldwell Banker Real Estate LLC. A Realogy Company
©2014 Coldwell Banker Real Estate LLC. A Realogy Company.  All Rights Reserved.  Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated.  Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Each agent and broker is responsible for complying with any consumer disclosure laws or regulations.
TRADITIONS