What to Know When Buying a House in Harper Woods, MI
Buying a home can be one of the most satisfying yet challenging things you do in life — especially when you're a first-time home buyer in Harper Woods, MI. There are plenty of things to learn, and Mr. Cooper is here to help cover your bases. We'll work to empower you with information, so you feel confident about prequalification, financing, and finding the right home. Our mortgage professionals pull from years of experience in the home buying business to give you the most helpful information at the right time. You'll learn what questions to ask and when, such as, "how long has this house been on the market?" and, "how many offers has the seller received so far?" Give Mr. Cooper a call to get started.
We'll prepare you for becoming a homeowner by helping you calculate how much house you can comfortably afford in Harper Woods. We'll then walk you through getting prequalified, which could help you get ahead of the game. Getting prequalified for a mortgage is incredibly important when you're trying to buy a house in Harper Woods. It shows sellers that you're serious and that a mortgage lender believes you're a reliable candidate for a home loan. It will also provide you with a quality estimate of how much you can afford to spend on a new home. Lastly, we'll help you choose and apply for a home loan, secure your loan, and walk you through the process until closing day. With Mr. Cooper in your corner, you can make buying a home in Harper Woods easier.
What If You Are in Escrow with Mr. Cooper?
Escrow period is a phrase you'll hear used throughout the homeownership journey, whether you're a home buyer or a seller. The escrow period is when a third party holds something of value, usually money, in a special account until a transaction between a seller and buyer is complete. The escrow process can be used for all kinds of transactions, but we focus on how it applies to real estate. If you're the one buying the home, you usually agree to put a percentage of the property price into escrow. If you're the home seller, you take the home off the market during the escrow period so the property can be inspected.
Once you become a homeowner, escrow carries a different meaning. Your mortgage servicer pulls money from your escrow account to pay your property taxes and insurance premiums. The account makes it so that you don't have to worry about keeping track of or saving for those expenses. Connect with one of our customer service agents today to talk about your former Nationstar escrow account or current Mr. Cooper escrow account. We're your partner in the homeownership journey, whether you're buying or settling in. We can show you a better way.
Mr. Cooper is More Than a Home Lender in Harper Woods
In the Harper Woods area, Mr. Cooper is a friendly home buying ally to have on your side. We'll give you the service, information, and guidance you need to make the best financial decisions to achieve your future goals. We can even provide education around credit scores and walk you through the process of boosting your credit to expand financing options that might be available to you. Building credit can be as simple as monitoring and resolving credit errors, paying bills early, and reducing your total debt. Plenty of credit mistakes are the result of people failing to act or not paying attention. We think you can be different. All you need is knowledge. Act today! Check your credit, take steps to make it better, and get prequalified for a mortgage. With Mr. Cooper as your trusted resource, you can be ready to buy your home even sooner.