Home Purchase Basics

Purchasing a home is a big decision, and 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 CNB Mortgage Originator, it should be an efficient, pleasant, and ultimately rewarding experience.

Count On Your Real Estate Agent To...

  • Preview available homes to weed out those that are overpriced or undesirable in some other way. 
  • Present the homes that suit your needs as you've defined them. 
  • Help you determine the difference between a "good buy" and a property that, because of its nature (neighborhood, market appeal, etc.), might have to be discounted if you decide to sell in the future. 
  • Help you negotiate a good deal. With a letter from us in hand, your Real Estate Agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the seller, and may make the difference between the seller accepting your offer or someone else's – even if your offer is lower! 

Count On Your Mortgage Originator To...

  • 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!
  • Keep you informed of your loan status throughout the entire process. 
  • Keep your Real Estate Agent informed of your loan progress.
    (Note: Your personal information is always kept confidential between you and us.) 
  • 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...

  • Keep your Real Estate Agent informed of any questions or concerns as they develop. 
  • Keep the process moving by providing documentation and decisions as soon as reasonably possible. That lets routine matters be taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention. 
  • Enjoy shopping for your home, but remain objective throughout so you can make the business decisions that are best for you. 
  • Talk with your Mortgage Originator about your loan process as early as possible. This will enable you to know in advance how much home you can afford so you can concentrate on selecting the home that's right for you.