SUMMARY OF THE SUMMARY OF THE HOME BUYING HOME BUYING

PROCESSPROCESSPresented ByPresented By

Kenny YoungKenny Young

THE BUYERTHE BUYER

Set up meeting with Kenny in the Set up meeting with Kenny in the office or at you're home.office or at you're home.

CONSULTATION ON BUYINGCONSULTATION ON BUYING

What are your needs?What are your needs?Evaluate credit.Evaluate credit.Helps you find out payments,costs to buy, Helps you find out payments,costs to buy,

price you can qualify for etc,price you can qualify for etc,What are your biggest fears about buying a What are your biggest fears about buying a

home?home?What to expect and look for when buying a What to expect and look for when buying a

home?home?

Pre-Qualify Vs Pre-ApprovalPre-Qualify Vs Pre-Approval

Pre-Qualification determines Pre-Qualification determines approximately how much of a home approximately how much of a home you can afford based on your financial you can afford based on your financial resources.resources.

Pre-approval is a guaranteed commitment Pre-approval is a guaranteed commitment for an exact dollar amount from a for an exact dollar amount from a financial institution.Its like “CASH IN financial institution.Its like “CASH IN YOUR HAND”YOUR HAND”

PRE-APPROVALPRE-APPROVAL

Meet with the loan officer to get pre-Meet with the loan officer to get pre-approved for a mortgage.approved for a mortgage.

This will consist of W2 for last 2 years and This will consist of W2 for last 2 years and current pay stubs and bank statements.current pay stubs and bank statements.

HOUSE HUNTINGHOUSE HUNTING

Once you are approved, we go house Once you are approved, we go house hunting. hunting.

I will e-mail fax or mail you a list of I will e-mail fax or mail you a list of properties in your price range.properties in your price range.

When you drive by the property you let me When you drive by the property you let me know which one you want to see.know which one you want to see.

FINDING YOUR DREAM HOMEFINDING YOUR DREAM HOME

Once you find your dream home, we will Once you find your dream home, we will prepare a agreement of sale to be submitted prepare a agreement of sale to be submitted to the seller for acceptance to the seller for acceptance..

Check List For Pre ApprovalCheck List For Pre Approval

Get credit report done.Get credit report done.Evaluate credit to see what needs to be Evaluate credit to see what needs to be

done to correct any errors.done to correct any errors.Meet with a loan officer Meet with a loan officer Bring W-2 for last 2 year current bank Bring W-2 for last 2 year current bank

statements and current Pay Stubs.statements and current Pay Stubs.

I hope this presentation has been I hope this presentation has been helpful to you . If you like to get helpful to you . If you like to get started on the process of home started on the process of home ownership or if you have any ownership or if you have any

other questions contactother questions contact Kenny young Of Re/max 2000 at Kenny young Of Re/max 2000 at

215-698-2035 or215-698-2035 or e-mail me at e-mail me at

kennycy1962@comcast.netkennycy1962@comcast.net