Guide for Buying a Home | Connors Real Estate Team

WHAT WE DO FOR OUR BUYERS

Educate you about current market conditions
Review the home buying process including a timeline of events
Evaluate your needs and manage your expectations
Provide you with a list of reputable lenders
Provide in-depth, custom tours specific to your desired area(s)
Search for and schedule showings of appropriate properties
Help you visualize cosmetic updating or remodel/expansion ideas
Talk you out of buying the wrong house
Provide experienced and detailed counsel when writing an offer

Negotiate strongly on your behalf for offers, counter offers, and contract terms
Provide you with a list of qualified, licensed inspection companies
Be present during all property inspections
Review seller disclosures and inspection reports with you
Be available for communication as often as necessary
Proactively manage the escrow process and anticipate problems before they become deal breakers
Be present at escrow signing appointment at the title company
Provide a complete digital file after close of escrow
Share my list of licensed, professional and pre-screened vendors and contractors
Offer continued service for life

WHAT IS A MORTGAGE?

A mortgage is a loan that a bank or mortgage lender gives you to help finance the purchase of a house. It is most advantageous to borrow approximately 80% of the value of the house or less. The house you buy acts as collateral in exchange for the money you are borrowing to finance the mortgage for a house. A mortgage payment is composed of four parts: principal, interest, taxes and insurance. It is normally paid on a monthly basis.

PRINCIPAL

Principal is the total amount of money you borrowed to buy the home (e.g., If you have a $200,000 mortgage loan, the beginning principal balance is $200,000).
INTEREST

Interest is the price that you pay to borrow money from your lender.
TAXES

Taxes are the property taxes you pay as a homeowner. They are typically calculated based on the value of your house.
MORTGAGE INSURANCE

Mortgage insurance includes homeowners insurance and could include mortgage insurance (MI). You are required to get homeowners insurance by your lender to cover your house and possibly the property inside. Typically for conventional loans, if your down payment is less than 20%, you will have to pay mortgage insurance which protects the lender if you default on your mortgage loan.
MORTGAGE NOTE

When you get a mortgage, you will sign legal documents known as a mortgage note that promise you will repay the balance of your mortgage, with interest and other possible costs over a set period of time. If you default on your mortgage payments, the lender is allowed to take back your house and sell it. This legal process is known as a foreclosure.

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

All estimates are provided for informational purposes only. Actual amounts may vary.

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From strategic pricing and savvy marketing to skilled negotiation and hands-on guidance, Connors Real Estate Team bring the experience and expertise needed to help you achieve your real estate goals.

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Buy a Home

WHAT WE DO FOR OUR BUYERS

WHAT IS A MORTGAGE?

PRINCIPAL

INTEREST

TAXES

MORTGAGE INSURANCE

MORTGAGE NOTE

Mortgage Calculator

Work With Us

Follow Me on Instagram

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Buy a Home

WHAT WE DO FOR OUR BUYERS

WHAT IS A MORTGAGE?

PRINCIPAL

INTEREST

TAXES

MORTGAGE INSURANCE

MORTGAGE NOTE

Mortgage Calculator

Work With Us

Follow Me on Instagram

Contact Details

Jamie Connors | CA DRE# 01884281

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