Frequently Asked Questions

How much you can comfortably afford.

The pre-approval process, which entails full documentation and credit check, is the best way to determine the numbers that are right for you. Early in your search, you can identify any potential hurdles and focus only on homes truly available to you. The Garcia Mortgage Team makes the pre-approval process quick and easy with our online application. Once the application has been completed, a member of our team will contact you to discuss your loan needs. You can also contact a member of our team to complete the application over the phone or schedule a face-to-face meeting.

How much cash you need to close.

Knowing how much cash you’ll need to close will help to prevent stress and ease the process later. There are many options when it comes to your down payment and closing costs, so please contact a team member to discuss the option best suited for your needs.

What kind of property you really want.

Single family, multi-family, condo, co-op, Victorian, Colonial, Cape, split, ranch, cottage, cabin, teepee…home types and legal distinctions are plentiful. Whether you are open to several styles or have your heart set on only one, narrowing your search will save time and prepare you to act when the perfect home hits the market.

Where you want to be and how long you’ll want to be there.

You’ll want to strike a balance between buying what you can afford and buying what will accommodate your needs for longer than just the first few years. Assess your plans for growing your family and how your income might grow to match. Planning ahead is especially important in today’s market, when trading up tomorrow may mean both a more expensive home and a higher mortgage rate. The Garcia Mortgage Team works closely with your Realtor to make sure you getting the most bang for your buck!

How the process works.

Generally, the purchase process includes: Loan Application, Offer, Acceptance, Inspections, Contract, Appraisal, Title, Full Loan Approval, Closing/Funding and Moving In. Many little steps can fall in between, and the process won’t always occur in a given order. We will guide you through each step and make sure the process goes as smooth as possible.