Meet David Perry, Mortgage Loan Originator

(This article originally posted on Blanchard and Calhoun’s blog and has been edited)
Buying a home is an exciting process. It’s important to have an experienced and knowledgeable team of real estate professionals that will guide you through every step of the home-buying process. We know you have a lot of questions and we have compiled the most frequently asked questions by first -time home buyers and listed them below.
1. Where do I begin? The first thing you should do is get pre-approved. Being pre-approved means a lender has reviewed your financial situation and credit score and has approved you for a particular loan amount.
2. How do I get pre-approved? To get pre-approved, you will partner with a lender and fill out an application. The application will collect all of your financial information and check your credit score. Once you are pre-approved, you will know how much you can borrow and what price range home you should search for.
3. I’ve been pre-qualified, is that the same as pre-approval? No. Both prequalification and preapproval can estimate how much you may be approved to borrow but there is a difference between the two.
4. How do I begin house shopping? Once you have been pre-approved, you and your real estate agent will partner together to look for homes based on your search criteria.
5. Where do I find a real estate agent? You can find a knowledgeable real estate professional by clicking here.
6. How much does it cost to hire a buyer agent? Typically, the buyer does not pay the agent. The seller will most likely have a contractual agreement to pay the commission fees; however, you will still want to discuss the fees (if any) with your agent.
7. How much do I need for a down payment? Your down payment will depend on your lender’s requirements and the type of loan you qualify for.
Don’t see your question here? Contact us anytime. We are more than happy to answer any questions you have and to help you with buying your first home.