Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Here's some information that will keep you on track.

In General....

A home will be one of the largest purchases you will ever make, so it's important to make the right decisions and to keep a close eye on the process. With the assistance of your Standard Bank Loan Officer and your Real Estate Agent, it can be a quick and ultimately rewarding experience.

Your Real Estate Agent Will:

1. Review houses for sale.
2. Prepare a list of homes that meet the requirements you requested. 
3. Negotiate with the seller for the best deal for you.
4. Use your Pre-Qualification letter to show that you are a qualified borrower.

Your Standard Bank Loan Officer Will:

1. Help you select the best mortgage loan to achieve your personal goals.
2. Keep you up to date of your loan status throughout the loan process.
3. Update your Real Estate Agent concerning the progress of your loan.
4. Set up your loan closing date and, if needed, any escrow accounts for taxes or mortgage insurance.

 You Will:

1. Pre-qualify as early as possible - this will put the power of Standard Bank behind you so you can concentrate on selecting your home.
2. Speak with your Real Estate Agent concerning the progress of your loan or any questions or concerns as they develop.
3. Help keep the process moving along by providing documentation and decisions as soon as you can.
4. Try to remain objective throughout to make the business decisions that are best for you.