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Purchasing A Home In Spring Hill FL? Start Here

Purchasing your home in Spring Hill?

With some planning ahead of time, purchasing a home isn’t very hard, but the event is stressful for a lot of people. So you know exactly what to expect, I like to supply my buyers with an overview of the whole deal. These are my nine steps to purchasing a home.

If you have questions regarding any of this information or if you’re prepared to get started, just contact me here or e-mail me at stevef@e-loanmortgage.com.


Step 1 – Get ready to purchase
There are several things you need to contemplate before you start looking for a home. You’ll want to create a list of features you need, get a feeling for what neighborhoods and school districts you’d like to live in, and begin working on your budget. Keeping your mortgage payment less than or around 30 percent of your monthly income is a good principle to follow.

Step 2 – Communicate with a real estate agent
This is where we can help. We’ll arrange a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We’ll discuss neighborhoods, schools in the Spring Hill area, the mortgage industry, and any other economic factors that may potentially affect your buying decision today or in the future. We’ll also be able to recommend a few local agents who will match up to your criteria, wants and goals. Being a local lender, we know most of the agents in town and know who specializes in what. This assures you that we will get you the best agent to represent your specific needs.

At this time we will also assist you in getting started on your loan. We have dozens of different mortgage products like FHA, Conventional, VA, and USDA. We also have some Niche products for self employed borrowers, not so perfect credit, and more. We will help you determine which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a house
Following our first meeting, your agent will start looking for available homes on the market that are good for you. Sometimes they will even preview many of the houses and reject the duds, and then set up appointments to tour the homes when it’s convenient for you.

As you view homes, we suggest you note good features and bad ones. Feel free to point out what things you like and don’t like. Usually, buyers revise their wish list as they tour homes and some things become more necessary than others. If that happens, your agent can search all the listings once more and trim it down to the home you’ve been waiting for.

Step 4 – Get a grasp of the housing market
An agent’s understanding of the Spring Hill home market is a leading element in your home search. A good agent will keep you I’m informed of all the neighborhoods and school districts, and can let you know certain areas are “hot” and require immediate action and the ones that are “cold” and allow for more consideration.

As You view houses, your agent will may communicate when the seller’s list price might have some room for bargaining and when they know the house is “priced to sell.” Trust your instincts and make sure you ask your agent lots of questions, as every REALTOR® in Spring Hill will claim to truly know the housing market. If it appears they don’t know everything, just call me at 352-688-7949 or e-mail me at stevef@e-loanmortgage.com , and I’ll be more than happy to answer any questions you have. My knowledge of the market will keep you a step ahead through the entire deal.

Step 5 – Find the home of your dreams
Paired with the right agent I’m certain you will find the house of your dreams in the Spring Hill area, and when you do, I’ll thoroughly develop your Mortgage plan. The offer will be written exactly to your needs by your Real Estate Agent. Whenever necessary, don’t forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection. But don’t panic, most contract include these types of clauses and your local agent will know exactly what needs to be included to protect your interests.

Step 6 – Negotiate the deal
Unfortunately most contracts aren’t closed on the first offer, and it’s extremely common to receive a counter offer. But don’t let this alarm you. Discuss with your agent whether or not to consent to the counter offer, submit your own counter offer, or refuse the seller’s offer and go on.

The state of the market will play a role in how aggressively you negotiate the deal. In addition, we’ll work within your financing budget. And at the end of the day, we’ll all work as a team to put together a contract that is best for you.

Step 7 – Obtain your loan
Upon completion of the deal, you’ll begin working with us as your lender to close the loan. This shouldn’t take long at after all you are already re pre-approved, but you should to keep in close contact with us during the process. We will help you through any underwriting conditions or issues and work closely with you to make sure everything goes smoothly. We will also help you co-ordinate everything needed including appraisals, termite inspections etc.

Step 8 – Close the deal
You’ll get a Loan Estimate  / LE (formerly known as a GFE) detailing your closing costs from us within three days of getting your application. This estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and be within a tight range of accuracy, and we will review the estimate and go line by line to make sure you understand everything.

Then it’s time to close on your home. This should occur at a title company or escrow office and should be a smooth and relaxed affair.

Step 9 – Move in
Congratulations! It’s time to move into your new home. Enjoy it. And if you have any questions, simply contact me at 352-688-7949.

Steve Fingerman


E Loans Mortgage Inc.

NMLS# 856640


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