Homebuying 101: Financing & Appraisal

When you’re buying a home and you’re under contract, you have a specific amount of time for financing and appraisal. It’s an intense part of the process, but don’t worry! Oliver will make sure everything’s taken care of along the way.

STEP 1: UNDERWRITING

Underwriting is how you secure your mortgage. Your lender will guide you through this step. Gather documents they request, like pay stubs and bank statements.

STEP 2: APPRAISAL

Your lender will arrange an appraisal, which is an unbiased professional opinion of the home's value. This confirms the sales price for the lender and ensures you're paying a fair price.

STEP 3: HOME VALUE

If the appraisal value is lower than expected, YOUR transaction can be delayed or canceled. So, knowing the value of your home is crucial—your loan depends on it!

REACH OUT

If you’re ready to take the next step toward home buying, click here to take the Buyer Questionnaire, where you can share more about yourself so Oliver can find your future home.