Buyers Guide

I want to learn how to buy like a pro!

Our simple guide will help open the doors to your dream home.
For the majority of us, buying a home will be the most monumental purchase one will make. Filled with excitement, desire, and happiness, finding that dream house will be an adventure to talk about for years to come.-Imagine, pulling up to a home and your already in love, your Signature Agent meets you, gives you little facts while they put the key into the lock, you eagerly wait as the key is turned, the lock is unlatched and the door is swung open. An instant sense of gratification, the feeling of knowing you’ve found your home, a conquered desire, a dream come true. Our professional Signature Agents are here to take you, and find your Happiness.

how to buy like a pro

Buyer's Guide

Comprehensive Real EstateBuyer's Guide

THE PROCESS

Here at Signature, countless hours are spent on perfecting the home buying process, creating a smooth comfortable platform leading to stress free settlements. Let's take a look at how the home buying process works.

What is my credit score?

Credit scores give lenders a broad picture of your financial worthiness and retrieve this information from credit reporting agencies in order to make decisions when granting mortgage loans. It is one of several key risk factors taken into account during the loan process.

What is the significance of my monthly debts and expenses?

Knowing one's commitments whether it be car payments, student loans, or various other types of payments made by any one individual. A lender will always take into aspect how effectively you can make a mortgage payment, while also deciding on a number that benefits you.

What are the different types of mortgages?

While there are many mortgage products to choose from, finding the one that fits you perfectly is an important step in buying a home. Mortgage loans can vary from Fixed Rates for 15,20, and 30 years along with ARM loans being 5,7, or 10 year terms even.
Let us help you get connected with right lender/financial institution who can guide you from pre qualification to funding

What’s the monthly mortgage payment I can afford?

Determining a comfortable spending amount on a monthly mortgage payment is a critical aspect in your home buying process. Factors including, but not limited to are income, credit, debt, and expense. Finding that perfect number will determine the tranquility of your mortgage term.

How do I choose a lender?

With the many years of experience here at Signature, we have many lenders and financial institutions by our side ready to help. While choosing a lender can be something you can do on your own, whether it be with someone you know personally or the financial institution you have built a relationship with, a Signature agent is here to help those who need guidance in finding that perfect lender. We here at Signature strive to provide an at ease atmosphere for you throughout your entire transaction.

What is the difference between conventional loans and FHA loans?

FHA loans and conventional loans each both have their own advantages, choosing an option that suits you well is determined by many factors. Differences in the two can include down payment options, private mortgage insurance,interest rates, and assistance. Speak with a qualified lender today to better understand and discuss in depth the benefits of both to determine which option best fits your personal needs.

What is the minimum down payment?

Depending on which type of loan you apply for (Conventional vs FHA) the down payment can be as low as 3.5%. Our dedicated buyer support teams are here to help you find the plan that best fits your purchase needs.

Can I get Down payment Assistance..?

At Signature, we can help you with down payment assistance using various Government/Non profit institutions’ programs. Where one can get to buy their dream home using practically no money down.

What are the benefits to a higher down payment?

Factors such as private mortgage insurance (PMI) can affect additional added payments to your monthly mortgage amount. Higher down payments can lead to lower monthly payments, with the added benefits such as PMI not being required and lowering the principal amount of the loan being purchased.

FINDING THE PERFECT HOME

How important is the location?

While there are many factors, differing from person to person, consider while looking at the location of your new home. Some of the most common factors include school districts, distance from work, family and friends, along with your specific lifestyle, whether that be city living or a peaceful suburbia. Our team here at Signature has agents specifically trained and working in specific niches, finding your home is their job.

What kind of neighborhood suits me better ?

Determining what type of neighborhood you want to live in will help both you and your Signature agent find the perfect home. Whether you are looking for a suburban home with a great school district for your kids or a sleek condo in the city for your up paced lifestyle, a Signature agent is here for you.