• Tel: 619-450-1554

  • Home Buyers Guide

  • 1) Get Ready for Home Ownership

    • Build a good credit history
    • Get mortgage pre-approval from AmeriPro Lending
    • Find out what type of mortgages you quality for speak to an experiance loan officer with AmeriPro Lending
    • Save up for a down payment (typically 10-20% of property’s value) conventional and jumbo loans
    • FHA only requires a 3.50% down payment
    • VA requires no down payment and is a 100% finance loan
    • Consider closing costs which can include taxes, insurance and title and escrow fees.
    • Consider utilities and monthly bills, such as homeowner's assessments
  • 2) Find a Real Estate Professional

    • Get a referral from friends, family, and work colleagues, or search realtor.com® and look for real estate yard signs and advertisements
    • Ask the real estate professionals you interview about buyer's representation contracts and agreements; make sure you understand the terms
    • Explain your needs and expectations to the real estate professional you choose to work with
  • 3) Find the Right Property

    • Determine what is important to you, such as particular schools, neighborhood amenities, monthly mortgage payment, public transportation, walkability, etc.
    • Make sure you include home owner’s assessments, utilities, and taxes when calculating the monthly mortgage payment
  • 4) Finance the Property

    • Contact your mortgage broker AmeriPro Lending
    • The lender will run a title search to ensure there are no clouds on the title
    • Make sure you understand the financing terms—ask the loan officer for clarification, if needed
  • 5) Make an Offer

    • Ensure the property is inspected by a licensed home inspector
    • Acquire title insurance
    • Make sure the title is clear, or make your offer contingent upon title clearance
    • Read all contracts before signing—make sure you understand all of the terms, ask questions
    • Place a competitive bid and be prepared to make a counter-offer
    • Keep your credit score stable and in-check by waiting to purchase any big-ticket items until long after the closing
    • Only one offer will result in a sale, so be prepared to move on if your offer is not accepted
  • 6) Closing and Life After the Big Purchase

    • Protect your new asset by obtaining insurance such as homeowner’s, flood, disaster, and fire
    • Weatherproof your new home
    • Maintain files—digital or print—for all warranties, insurance documents, contracts, etc.
    • Keep original closing documents in a safe place, preferably outside the home (such as a safety deposit box)
    • Set up utilities bills in your name, maintain files
    • Implement desired aesthetic changes such as painting, minor construction, and re-flooring
    • Set a move date and hire movers or plan a move party with your friends
    • Get to know your neighbors and explore your new neighborhood
    • If you're happy with the work of your loan officer and real estate professional, be sure to recommend her/him to friends and family