The steps to buying a home through mortgage
Þ Start your research early
Þ Determine your preferred location
Þ Determine the price you can afford for a house
Þ Get pre-qualified (reviewed by a mortgage broker or lender)
Þ Find the Right Real Estate agent or Developer
Þ Shop for your home, negotiate and put in an offer
Þ Once the seller accepts your offer, get the home inspected
Þ Make sure you have the legal documents to the home – title.
Þ Identify and NMRC mortgage bank and apply for a mortgage loan
Þ Work with the mortgage banker to formalise your loan
Þ Agree interest rates, tenor, amortisation schedule, etc.
Þ Coordinate the paperwork (execute purchase agreements)