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Home > Buying Your First Home > Pre-Application Homework
Appraisal
Credit
Down Payment
Escrow Account
Insurance
Brett Reichhart
About Me
Contact Me
Address:
9475 Deereco Road
Suite 310
Timonium, MD 21903
E-mail:
Phone:
(410) 828-5200 x55
Toll Free:
(800) 870-5205 x55
Fax:
(410) 296-8238
Pager:
(877) 596-7114
Pre-Application Homework

To begin the process, you'll need to gather a few things so we can help you apply for the loan that's right for you. It may be helpful for you to print out What You Need to Apply Checklists - Purchasing or Refinancing. Whether you've just begun looking for a house or you've found the perfect one, contact me for assistance. My goal is to help you through the process and get you into your new home faster! Save time and shop with confidence by obtaining a pre-qualification* - which is a conditional estimate of your maximum loan amount.

*A pre-qualification is not a commitment for extending credit.

Familiarize yourself with these loan concepts and terms:

Appraisal:  This process determines the value of a home
Credit:  By obtaining your credit report and credit score, we're able to determine your loan eligibility - lenders use your FICO credit score to determine your ability to repay your loan
Down Payment:  You'll need to determine how much down payment will be required for the property you'd like to purchase.
Escrow Account:  This is money set aside to pay property taxes and homeowner's insurance.
Insurance:  There may be several types of insurance needed to close on your loan, such as homeowner's insurance, which may also be referred to as hazard or flood insurance.
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