Are you looking to purchase your home in East Islip? Heartland Mortgage Corp can help.

Purchasing a home is an intimidating event for many people, but with some up-front planning, it's not very complicated. We like to supply buyers with an outline of the whole deal so they understand exactly what they can expect. These are our nine steps to purchasing a home.

Step 1 – Prepare to buy
There are several things you should take into account before you look for a home. When you start your search, you'll want to put together an outline of items you want to have, plan for what school districts and neighborhoods you'd like to live in, and start planning your budget. Keeping your mortgage payment less than a third of your net monthly income is a good rule to adhere to.

Step 2 – Speak with a real estate agent in East Islip
This is where Heartland Mortgage Corp comes in. We'd like to set up a time to meet with you and talk about your real estate needs and get an idea of your plans for the future. We'll talk about neighborhoods, school districts in the East Islip area, the mortgage and housing industries, and any other economic factors that could potentially affect your purchase today or in the future.

In addition, we'll help you begin the loan process. We partner with some of East Islip's finest mortgage professionals, so you'll be in great hands. They can assist you in deciding which type of loan is best for you and help you get approved.

Step 3 – Begin your search
After our first meeting, we'll begin finding available houses on the market that best suit you. We'll get a sneak peek of many of the houses and throw out the bad ones, and then we'll set up appointments to tour the houses whenever it's most convenient for you.

When we tour the homes, we'll show you the good features and bad ones. we'll also ask you what things you like and dislike. Frequently, buyers revise their wish list as we tour houses and some items become far more essential than others. If that's the case, we'll search the listings one more time and trim it down to the house you've been dreaming about.

Step 4 – Understand the housing market
Our awareness of the East Islip housing market is a necessary resource in your home search. We are familiar with all the school districts and neighborhoods, and we will communicate certain districts are "hot" and call for immediate action and the others that are "cool" and allow for more examination.

As we tour houses, we'll be sure to tell you when the list price has room for bargaining and when we think the house is "priced to sell." Every REALTOR^® in East Islip will convince you they know the market, but take notice, and be sure to ask your agent plenty of questions. If it doesn't seem like they know everything, just call us at 6319560280 or e-mail us at Ron@hmcnyc.com, and we'll be more than happy to answer any questions you may have. Our understanding of the market will keep you a step ahead throughout the entire deal.

Step 5 – Find the house of your dreams
We're positive we'll find the house of your dreams in the East Islip area. When we do, we'll thoroughly create your purchase offer. The offer will be tailored keeping your needs in mind, including some contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

Upon presenting your purchase offer, you'll likely want to present "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property. The amount is most often put towards the cost of closing. If the offer is accepted, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the initial offer, and it's very common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market conditions will play a role in how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll put together a contract that works well for you.

Step 7 – Get a loan
Once the deal is finalized, you'll start working with your mortgage lender to close the loan. If you're pre-qualified, it won't take much time at all, but you'll need to stay in close contact with your lender. And we'll sort out all the property information your lender will need to close the loan.>

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of receiving your loan application. This estimate depends on the loan amount. RESPA requirements order that it has to include all closing costs and be within a precise range of accuracy, and we'll examine the estimate and let you know if everything looks okay.

Then it's time to close on your house. This will probably occur at a title company or escrow office and will most likely be a smooth and relaxed event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, just contact us at 6319560280 or send us an e-mail.