A4HB Homebuyer's Blog

2.5.2 Lender Documents

Lender Documents There are several forms that you’ll use in working with lenders, and these are highly standardized. Early in the process, you’ll run into the Loan Application form and the lender’s Good Faith Estimate.  These are both lender documents.  The application form requires little explanation. The good faith estimate is the lender’s attempt to give you a reasonable estimate of all the costs involved in purchasing a property. To determine whether the sales price is reasonable, the lender will hire an appraiser.  The appraiser will do an evaluation of the value of the property, called an Appraisal.  The appraisal

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2.1.1 The Home Buying Process

The Home Buying Process Problems Buyers Encounter In many cases, home buyers lack a clear understanding of the home buying process or the roles of the people involved. Often, they just don’t understand the best way to get the process rolling and how to keep it going. Because so much is at stake, this can create a high anxiety level throughout the many steps in the process. These misunderstandings can cause buyers to waste a lot of time in a series of false starts before they move forward with a home purchase. Avoiding the False Start Examples of those false

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2.1.0 Educate Yourself About the Home Buying Process

Educate Yourself About the Home Buying Process Information is Power Like any other complicated undertaking in life, the home buying process has conventions, protocols and a vocabulary all its own. If you take a little time to educate yourself about the home buying process at the beginning, you will be way ahead of the game. There are whole volumes on the home buying process that deal with many of the issues discussed on our website. You can find a lot of information elsewhere on the web as well. The Freddie Mac website, for example, offers a simple but useful description

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