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Home Purchase Basics

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Here's some information that will keep you on track.

In General....

A home purchase may be your largest financial transaction to date, so it's important to make the right decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Loan Originator, it should be an efficient, pleasant, and ultimately rewarding experience.

Count On Your Real Estate Agent To:

  1. Preview available homes to weed out those that are overpriced, or undesirable in some other way.
  2. Present the homes that suit your needs as you've defined them.
  3. Help you determine the difference between a "good buy" and a property which, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future.
  4. Negotiate the best deal for you. 

Count On Your Mortgage Originator To:

  1. Assist you in selecting the best loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
  2. Keep you informed of your loan status throughout the entire process.
  3. Get the appropriate loan for you at the best rates and fees. This will save you significant money "up front" and throughout the years to come.

Count On Yourself To:

  1. Complete our pre-qualification form.  A pre-qualification is an easy and fast way to find out what mortgage loan amount you may possibly qualify for, however it is not a commitment to make a loan
  2. Keep your Real Estate Agent informed of any questions or concerns as they develop.
  3. Keep the process moving by providing documentation and decisions as soon as reasonably possible. By doing so, many of the details are taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention.
  4. Enjoy purchasing your home, but do remain objective throughout -- to make the business decisions that are best for you.
Somerset Trust Company NMLS #177545
151 W Main Street, Somerset, PA  15501
Toll Free:  (800) 972-1651
onlinemortgageapplications@somersettrust.com
Copyright © 2017 Somerset Trust Company
Member FDIC, Equal Housing Lender
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