{"id":799,"date":"2020-07-31T15:00:53","date_gmt":"2020-07-31T15:00:53","guid":{"rendered":"https:\/\/baycoast.bank\/?p=799"},"modified":"2023-07-18T18:49:28","modified_gmt":"2023-07-18T18:49:28","slug":"how-to-turn-the-house-you-want-into-home","status":"publish","type":"post","link":"https:\/\/baycoastmortgage.com\/en\/insights\/how-to-turn-the-house-you-want-into-home\/","title":{"rendered":"How to Turn the House You Want Into Home"},"content":{"rendered":"<div class=\"lazyblock-resource-hero-ZKp2jm wp-block-lazyblock-resource-hero\"><div class=\"noHero\" style=\"height: 10rem;\"><\/div>\n\n<div class=\"spacer\"><\/div>\n\n<div class=\"section\">\n\t<div class=\"smallWrapper gutenberg\">\n\t    \n\t    <div class=\"categories flex\" style=\"justify-content: flex-start;\">\n\t\t\t<div class=\"h6\" style=\"margin-right: 2rem;\"><a href=\"https:\/\/baycoastmortgage.com\/resource\/insights\">Insights<\/a><\/div>\n\t\t\t\t\t\t\n\t\t\t<div class=\"primaryColor dot h6\" style=\"transform: scale(2.2); \">\u00b7<\/div>\n\n\t\t\t<div class=\"h6\" style=\"margin-left: 2rem;\">\t\t\t\tJuly 31, 2020        \n\t\t\t<\/div>\n\t\t<\/div>\n\t    \n\t    <h1 class=\"h2 blue bgWhite\" style=\"max-width: 50rem\">How to Turn the House You Want Into Home<\/h1>\n\t    \n\t    <hr style=\"margin-bottom: 7rem;\">\n\t  \n\t<\/div>\n\t\n\t<div class=\"wrapper\" style=\"justify-content: center; max-width: 90rem;\">\n\t\t<div style=\"width: 100%; position: relative;\">\n\t\t\t<img decoding=\"async\" data-src=\"https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min.jpg\" role=\"img\" aria-label=\"How to Turn the House You Want Into Home\" style=\"--smush-placeholder-width: 2119px; --smush-placeholder-aspect-ratio: 2119\/1414;width: 100%; height: auto;\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/>\n  \t\t<\/div>\n\t<\/div>\n<\/div>\n\n          <\/div>\n\n<div class=\"lazyblock-interior-content-ZQenqS wp-block-lazyblock-interior-content\"><div class=\"spacer\"><\/div>\n\n<div class=\"section\">\n\t<div class=\"paddedWrapper\">\n\t\t<div class=\"wrapper flex gutenberg\" style=\"justify-content: center;\">\n\n\t\t\t\n\t\t\t<div class=\"smallWrapper gutenberg\">\n\n\t\t\t\t<div class=\"h3\">Tired of renting and ready to find a home of your own?<\/div>\n\n\t\t\t  \t<hr style=\"margin-bottom: 5rem;\">\n\n\t\t\t\t<!-- interior content -->\n\t\t\t\t\n\n<p>According to the&nbsp;<a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/quick-real-estate-statistics\" target=\"_blank\" rel=\"noopener\">National Association of Realtors<\/a>, you\u2019re not alone. First-time home buyers accounted for a third of home sales last year. It&#8217;s an exciting experience, but if this is your first time buying a home, you may want some help.&nbsp;<\/p>\n\n\n\n<p>Whether you\u2019ve already found your new home, or you\u2019re just beginning your search, we\u2019re here to help. We\u2019ve got lots of educational info on our site\u2014for example,&nbsp;<a href=\"https:\/\/baycoastmortgage.com\/online-calculators-home-financing-baycoast-mortgage\/\">free online calculators<\/a>&nbsp;that help estimate your monthly payments and compare the costs of renting vs. owning a home.&nbsp;<\/p>\n\n\n\n<p>At BayCoast Mortgage, we never take a cookie-cutter approach to mortgage lending\u2014our goal is to help you move into the home of your dreams, on financing terms that fit your family\u2019s situation. Let\u2019s take a closer look at the mortgage process, so you\u2019ll know everything you need (and what we\u2019ll need) to help you get into your new home.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Get Pre-Approved<\/h3>\n\n\n\n<p>Simply put, a pre-approval from BayCoast gives you the purchasing power you need to shop smart. In many cases, real estate agents won\u2019t begin to help you find a home until they know you\u2019ve been pre-approved.&nbsp;<\/p>\n\n\n\n<p>A quick note\u2014we recommend getting&nbsp;<strong>pre-approved<\/strong>&nbsp;instead of&nbsp;<strong>pre-qualified<\/strong>, because prequalification doesn\u2019t carry nearly as much weight with sellers and real estate agents.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pre-approval gives you a guaranteed approval for a certain amount of money, as long as all conditions are met.&nbsp;<\/li>\n\n\n\n<li>On the other hand, pre-qualification is basically just a hypothetical conversation about what you might be able to afford, with a limited look into the financial data that actually matters.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2. Make an Offer<\/h3>\n\n\n\n<p>Once you\u2019ve picked out the home you want, make your offer. If you\u2019re working with a licensed real estate professional, they\u2019ll help you with this step and make sure your offer includes specific language designed to protect your interests, and that home inspections show no major issues.&nbsp;<\/p>\n\n\n\n<p>Best of all, the pre-approval process we mentioned in step one strengthens your buying position, which means home sellers will know you\u2019re ready and able to buy (when comparing your offer to others from would-be buyers who have only gotten pre-qualified.)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Complete Your Loan Application<\/h3>\n\n\n\n<p>After your offer has been accepted, it&#8217;s time for us to update your application based on the Purchase Agreement. During this step, we\u2019ll also request an appraisal for the property you\u2019ve chosen, as well as financial documentation that supports your pre-approval.&nbsp;<\/p>\n\n\n\n<p>We can pull some of the info we need from what you told us during pre-approval, but we may ask you more about your job, income, assets and debts\u2014and ask you to update that info with supporting documents (like your W-2s, bank statements, and paystubs).<\/p>\n\n\n\n<p>Then, you\u2019ll get a chance to review your Loan Estimate. (With certain types of loans, you may receive a Good Faith Estimate or a Truth-in-Lending disclosure instead.) No matter which document you receive, you\u2019ll be able to see your estimated closing costs, the amount of your monthly payments (which will include principal, interest, taxes, and insurance amounts), as well as the interest rate you\u2019re paying to borrow the money needed to buy your new home\u2014all written in an easy, understandable way.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Processing &amp; Underwriting<\/h3>\n\n\n\n<p>Loan processors take all the documents and info related to your mortgage loan, make sure nothing\u2019s missing, and put them together for an underwriter\u2019s review. During processing, we\u2019ll also order your property appraisal, help schedule a home inspection, and complete a title search (to make sure there\u2019s nothing weird going on with your soon-to-be property).<\/p>\n\n\n\n<p>An underwriter makes the final decision to approve your mortgage, based on a careful evaluation of everything they\u2019ve received, as well as a close look at your credit history and ability to pay back the loan.&nbsp;<\/p>\n\n\n\n<p>Since this phase is the most \u201chands-off\u201d for you as a buyer, we\u2019ll be sure to keep you informed every step of the way\u2014we know good communication relieves stress and provides clarity as your mortgage application is undergoing its final review.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. Close on Your New Home<\/h3>\n\n\n\n<p>After an underwriter approves your loan, the final countdown begins! A closing meeting will be scheduled (usually at a title company or lawyer\u2019s office). But, before that date comes, you\u2019ll have a chance to review your Closing Disclosure\u2014a document that confirms the expected costs shown on the Loan Estimate you received earlier in the process.&nbsp;<\/p>\n\n\n\n<p>You\u2019ll also have a chance to do a final walkthrough of your new home, to make sure the seller has completed construction (in new homes) and made any repairs that were agreed upon, based on the results of your inspection.<\/p>\n\n\n\n<p>At closing, you\u2019ll sign&nbsp;<em>a lot<\/em>&nbsp;of forms. Some will be based on the sale of the property (between you and the seller), with others focusing on the lending agreement between you and your mortgage professionals.<\/p>\n\n\n\n<p>After that, you\u2019ll receive your keys, along with best wishes from all of us at BayCoast Mortgage. Congratulations on your new home!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">We\u2019re Here to Help<\/h3>\n\n\n\n<p>When it comes to the type of mortgage you choose, there\u2019s really no right or wrong answer\u2014every family\u2019s goals and dreams are different from the next.&nbsp;<a href=\"https:\/\/baycoastmortgage.com\/about-us\/contact-us\/\">Contact us<\/a>, or call 877-466-2678, and let one of our experienced BayCoast Mortgage lending professionals find financing that\u2019s just right for you.<\/p>\n\n\n\t\t\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>When it comes to the type of mortgage you choose, there\u2019s really no right or wrong answer\u2014every family\u2019s goals and dreams are different from the next. <\/p>\n","protected":false},"author":10,"featured_media":1533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2],"class_list":["post-799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min.jpg",2119,1414,false],"thumbnail":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min-150x150.jpg",150,150,true],"medium":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min-300x200.jpg",300,200,true],"medium_large":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min-768x512.jpg",768,512,true],"large":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min-1536x1025.jpg",1536,1025,true],"2048x2048":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min-2048x1367.jpg",2048,1367,true],"gform-image-choice-sm":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min.jpg",300,200,false],"gform-image-choice-md":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min.jpg",400,267,false],"gform-image-choice-lg":["https:\/\/baycoastmortgage.com\/wp-content\/uploads\/2020\/07\/Family-Laughing-on-Couch-min.jpg",600,400,false]},"post_excerpt_stackable_v2":"<p>When it comes to the type of mortgage you choose, there\u2019s really no right or wrong answer\u2014every family\u2019s goals and dreams are different from the next. <\/p>\n","category_list_v2":"<a href=\"https:\/\/baycoastmortgage.com\/en\/.\/insights\/\" rel=\"category tag\">Insights<\/a>","author_info_v2":{"name":"BayCoast Marketing","url":"https:\/\/baycoastmortgage.com\/en\/author\/marketingbaycoastbank-com\/"},"comments_num_v2":"0 comments","publishpress_future_action":{"enabled":false,"date":"2026-04-28 13:28:38","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/posts\/799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/comments?post=799"}],"version-history":[{"count":0,"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/posts\/799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/media\/1533"}],"wp:attachment":[{"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/media?parent=799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baycoastmortgage.com\/en\/wp-json\/wp\/v2\/categories?post=799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}