Buying a House in Edina, MN Is Easier with Mr. Cooper
Buying a home can be one of the most rewarding yet stressful things you ever do — particularly when you're new to the process and are a first-time home buyer in Edina, MN. 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 figure out what questions to ask and when, such as, "how long has this house been for sale?" and, "how many offers has the seller received so far?" Call Mr. Cooper to start your home buying journey.
We'll prepare you for becoming a homeowner by helping you calculate how much house you can comfortably afford in Edina. Next, we'll take you through the process of prequalifying for a mortgage, which can help you look more attractive to a potential seller. Getting prequalified for a mortgage is incredibly important when you're trying to buy a house in Edina. It shows that a mortgage lender believes you are a good candidate for a home loan, and you'll end up with an estimate of how much you can afford to spend on your new home. Last but not least, we'll help you select and apply for a home loan, finalize your loan, and walk alongside you until closing day. Make buying a home in Edina easier. Put Mr. Cooper in your corner.
What to Know If You’re in Escrow with Mr. Cooper
No matter whether you're a home seller or buyer, you'll hear the phrase escrow period quite a bit throughout your homeownership journey. The escrow period is when a third party holds something of value, usually money, in a special account until an exchange between a seller and buyer is finished. The escrow process can be used for all kinds of transactions, but we shine the spotlight on how it is used in real estate. As a home buyer, you usually agree to put a percentage of the property price into escrow. As a home seller, you take the home off the market during the escrow period so the property can be inspected.
Once you're a homeowner and enjoying living in your home, escrow takes on a slightly different meaning. Your escrow account holds money that your mortgage servicer sets aside to pay your insurance premiums and property taxes. The account makes it so that you don't have to worry about keeping track of or saving for those expenses. Reach out to one of our customer service agents today to talk about your former Nationstar escrow account or current Mr. Cooper escrow account. We're here to support you, whether you're buying or just settling in. Let's get you home.
Mr. Cooper Offers More Than Home Loans in Edina
In the Edina area, Mr. Cooper is a great home buying ally to have in your back pocket. We'll give you the support, service, and information you need to make the right financial decisions to accomplish your 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. Boosting credit can be as straightforward as paying bills before they're due, monitoring and resolving credit errors, and reducing your overall debt. Credit mistakes often happen when people don't take action or aren't paying attention. We think you can be different. All you need is knowledge. You can take action, check your credit, work to improve it, and get prequalified for a home loan. With Mr. Cooper as your trusted resource, you can be ready to buy your home even sooner.