What to Know When Buying a House in Woodburn, OR
Buying a home can be one of the most satisfying yet challenging things you do in life — particularly when you're new to the process and are a first-time home buyer in Woodburn, OR. There are plenty of things to learn, and Mr. Cooper is here to help cover your bases. We'll give you the information you need to approach the whole process with confidence, from prequalification to financing and closing. Our mortgage professionals have years of experience buying homes, and they know how to customize information to fit your situation. You'll learn what to ask and when, such as, "how long has this house been for sale?" and, "how many offers has the seller received so far?" Give Mr. Cooper a call to get started.
We'll help you prepare and plan for home ownership by helping you estimate how much house you can afford in Woodburn. We'll then walk you through prequalifying for a mortgage, something that could help you stay ahead of the game. Getting prequalified for a mortgage is incredibly important when you're trying to buy a house in Woodburn. 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. 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 Woodburn easier. Put Mr. Cooper in your corner.
What If You Are in Escrow with Mr. Cooper?
What's an escrow period? It's a phrase you'll come across throughout your homeownership journey, whether you're on the buying or selling side of things. Escrow period is when a third party holds on to something of value, typically money, in a certain account until a transaction between a seller and buyer is finished. The escrow process can be used for all kinds of business dealings, but we narrow in on how it applies to the world of real estate. As a home buyer, you typically put a percentage of the property price in the escrow account. As a home seller, you agree to remove the home from the market during the escrow period so it can be inspected.
Escrow carries a different meaning once you're in your home and enjoying it day in and day out. 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. Reach out to a customer service agent today to chat 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 just settling in. Let's get you home.
Mr. Cooper is More Than a Home Lender in Woodburn
In the Woodburn 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 offer guidance around credit score health and support you as you improve your credit to qualify for more competitive financing options. Boosting credit can be as simple as reducing your total debt, monitoring and resolving credit errors, and paying bills before they're due. Plenty of credit mistakes are the result of people failing to act or not paying attention. We believe that with a little knowledge, you can be different. 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.