Unit 3 : Lesson 2: How to shop for a mortgage loan

Thinking through writing

During the final stages of the home-buying process, there are a lot of details to keep track of and decisions to make. Most first-time home buyers rely on a variety of people to help them through this process. These may include friends who have bought a house in the past, family members, employers, staff at a community housing agency, their real estate sales professional, their lender, their real estate attorney, or others. Who would you rely on during this process? What kind of support do you think you might need? In the space below, write a list of individuals who might help you during the process. Include the kind of support that each might provide.

Friends or family members can tell you what happened to them when they went through the home-buying process.

A real estate sales professional can remind you of things you need to do before closing, such as ordering homeowner’s insurance or calling utility companies.

The lender can keep you informed of where you are in the loan process.

A home inspector can make you aware of problems in the house that should be fixed before the closing.

A real estate attorney can make sure all the paperwork is in order.

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