Buyers and Sellers Blog

Getting a Loan - Step 7: Closing

Posted On: Thursday, February 9, 2012 - 5:47am | Posted by: Diane Hourany
Tags: closing, loan application, loan approval, loan documentation, loan documents, loan submission, mortgage broker

Yes! Your loan for your new home has been approved, the loan documents have been drawn and sent to the title company for you to sign. Once you've signed all the documents, the next and final step is the closing.

Getting a Loan – Step 6: Documents Are Drawn

Posted On: Wednesday, February 8, 2012 - 5:46am | Posted by: Diane Hourany
Tags: closing, loan application, loan approval, loan documentation, loan submission, mortgage broker

You've made an offer that has been accepted by the seller, your mortgage broker has sent in your loan package and the lender has not only approved you but the home you're buying. They've agreed to give you the money!

What's next?

Getting a loan - Step 5: Loan Approval

Posted On: Monday, February 6, 2012 - 5:31am | Posted by: Diane Hourany
Tags: loan application, loan approval, loan documentation, loan submission, mortgage broker

Your offer on your dream home has been accepted and the loan application is in process. Now you're waiting for the final loan approval.

Video Walkthrough: 156 Duncan in Noe Valley

Posted On: Friday, February 3, 2012 - 6:00pm | Posted by: Eileen Bermingham

If you're looking for a spacious, top-floor condo in a centrally located neighborhood with great natural light, parking, storage and an in-unit washer/dryer, look no further than my listing at 156 Duncan.

To get you in the door without actually making the trip, check out this video walkthrough. It will give you an excellent sense for the space and amenities:

156 Duncan: The

Low Interest Rates Expected Through 2014

Posted On: Thursday, February 2, 2012 - 4:58am | Posted by: Diane Hourany
Tags: down payment, economy, Federal Reserve, housing, interest rates, unemployment

Although the economy is doing moderately well, unemployment remains high and housing in most of the country is still doing poorly. The Fed has announced that it will not raise interest rates until the end of 2014.

Getting a Loan - Step 3: Awaiting the Documentation

Posted On: Thursday, February 2, 2012 - 4:35am | Posted by: Diane Hourany
Tags: loan application, loan documentation, loan submission, mortgage broker, pre-approval letter

Your offer has been accepted for your dream home and your mortgage broker has begun the process of getting loan approval for you. He's ordered the documentation the bank requires.

Now we're Awaiting Documentation.

New Mission & Dogpatch Condos on the Way

Posted On: Wednesday, February 1, 2012 - 2:00pm | Posted by: Eileen Bermingham

Two new condo developments in the Mission and Dogpatch/Central Waterfront are on the way this Spring, with price points that don't scream "luxury."

299 Valencia will feature 36 one- and two-bedroom homes ranging in price from the $300,000s-$700,000s. The building is located on Valencia at 14th Street. (The lot was previously used for parking.) The immediate location is a bit transitional, but you're one block away from Pauline's Pizza and shops/cafes along Valencia. The 16th and

Getting a Loan - Step 2: Ordering the Documentation

Posted On: Wednesday, February 1, 2012 - 5:21am | Posted by: Diane Hourany
Tags: appraisal, credit report, loan application, loan documentation, mortgage broker, pre-approval letter

Yesterday we talked about the first step in getting a loan to finance your home purchase. After selecting a qualified, local mortgage adviser and providing him with your paperwork, he has issued a pre-approval letter for you to submit with the offer for your home. When your offer is accepted, things kick into high gear.


Find Out What It Takes to Get a Loan These Days

Posted On: Tuesday, January 31, 2012 - 3:19pm | Posted by: Diane Hourany
Tags: loan application, loan documentation, mortgage broker, pre-approval letter

Before you even start your house hunting, you need a license! I liken the pre-approval letter from a qualified mortgage broker to a license to go house hunting. Without that piece of paper, you may think you know how much you can afford to pay for a home, but the banks may have a different idea of what you can qualify for.

10 Steps to Successfully Buying a Home - Step 10: Celebrate!

Posted On: Tuesday, January 24, 2012 - 5:16am | Posted by: Diane Hourany
Tags: close of escrow; recorded deed, signing appointment, title company, tranfer funds

You've had your inspections and the loan has been approved. Now it's a countdown to the close and our final step, Close of Escrow.

Step 10: Close Escrow - When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers.  You will deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price.