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CLOSING TIMELINE

www.sapphiretitleescrow.com

OBTAIN MORTGAGE PRE-APPROVAL

Choosing a mortgage is a crucial step as it impacts your down payment as well as

monthly payments. Work with your lenders to get the best deal. Before you

search for a home, you need to know what you can afford.

FIND YOUR DREAM HOME

Many home-buyers rely on real estate agents to help with this part of the process.

Research the neighborhoods in which you want to live, including area schools, jobs,

stores, and insurance rates. Agents, online sources, and print ads help you make an

informed decision on your potential new home.

MAKE AN OFFER

An offer consists of price and terms. Usually, buyers complete an offer sheet that

is then presented to the seller who, in turn, will accept or reject the offer.

SIGN THE CONTRACT

Once your offer sheet is accepted, you will sign the contract with all details of

the sale. An attorney comes in handy here for reviewing purposes.

GET FUNDING

CLOSE ON YOUR NEW HOME!

After selecting the best loan option for you and your budget, you must "express

your intent to proceed" to your lender. You're almost ready to close.

Lenders typically require a year of premiums up front for property or homeowner's

insurance. Remember to purchase an owner's title insurance policy.

INVEST IN INSURANCE