When you have found a home that you want to buy, you will need to make an offer. The offer should include the purchase price, the down payment, and the closing costs. The seller will either accept your offer, reject it, or counteroffer.
If your offer is accepted, you will need to go through the mortgage process. This will involve providing the lender with documentation about your income, debts, and assets. The lender will also order an appraisal of the home to make sure that it is worth the purchase price.
Once the mortgage process is complete, you will be able to close on the home. This is when you will sign the mortgage documents and take ownership of the home.
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