How to Buy

Don't be intimidated by the home buying process! It's really not as complicated as you think. The process for securing your mortgage really isn't that much different from the application process for renting an apartment or securing a car loan. The first step is to sit down with one of our professional Loan Originators. Now don't let the term "Loan Originator" scare you. Basically, your Loan Originator or L.O. is the person who can counsel you on the finance options available and guide you through the application process. Your L.O. is on your side and will work to find you the best available terms for your loan. Your L.O. will provide free, fast and completely confidential service.

1. Get Pre-Approved for a Mortgage

During your initial meeting with your L.O. you will be able to apply for "pre-approval". This means that your L.O. will be able to determine the home loan options available for you without you actually applying for a mortgage. It gives you a chance to see what is available without committing to a specific loan right now. In order to complete the pre-approval process, your L.O. will ask you questions about your income, debts and preferences in loan terms and then enter that information into their secure loan application software. In most cases, your L.O. should be able to tell you within minutes the loan options that are available to you including an estimated monthly payment. As mortgage interest rates are constantly changing, the monthly payment estimated for your pre-approval can not be guaranteed but will give you a good estimate for planning purposes.

2. Complete a Mortgage Application

Once you are pre-approved and have determined the type of loan that best fits your needs and the BYSTRY Home that you would buy, you can begin your formal mortgage application. Again, this is not really that difficult of a process. Basically, your L.O. will prepare an application for you with the same information that was supplied for the pre-approval except this time you will need to provide documentation of your identity, address, bank accounts, income, investments and debts. You may be asked to bring in a paycheck stub, tax return, bank account statement or other documents to validate the information that you supplied for your application. Your L.O. will give you a list of exactly the kind of documentation you will need and can explain how you can get the documentation if you have any questions.

3. Become a Homeowner!

See - it's really pretty simple. Don't let the fear of "the process" keep you from achieving your dream of home ownership. Contact a BYSTRY Sales Representative today to get started with the pre-approval process. Remember, pre-approval is free, fast, confidential and it does not obligate you to anything. It is just a smart way to find out more information about your home ownership options and it is the first step to owning your own BYSTRY Home!

 

RETIREMENT TO-DO LIST

* Prepare a retirement budget with realistic assumptions.

* Review asset allocation and all retirement investment and savings accounts.

* Review/update all beneficiary designations on all accounts.

* Increase retirement plan and IRA contributions using catch-up provisions.

* Document legacy plans with a will, trust and power of attorney.

* Find out what government and employer retirement benefits you will receive.

* Consider your retirement needs and if additional insurance is needed.

* Take steps to implement your plan.