First Time Buyer's Steps to Buy
Discuss the type of home you’re looking for including style, price, and location.
The pre-approval process is easy and quick. Most lenders get pre approval notification back to us within 24 hours. The Pre Approval helps us set a budget for your purchase amount that is both within your budget and helps us set expectations for the house you can purchase. Here are two local lenders that can help:
Kim Carmen with People’s Home Equity
As your trusted mortgage loan adviser, I walk you through the loan process and support you from pre-approval through your closing/funding date. Whether you are a first time home buyer or seasoned buyer, you can trust me with all of your home financing needs. I appreciate your business and thank you for choosing me!
Shannon Ochiltree at MIG
For nearly two decades, I have had a hand in helping people realize the dream of owning a home. I joined MIG in 1995 and have spent the past 19 years experiencing every facet of the mortgage lending industry. I have worked in processing and post closing and served as a specialty lending manager, loan officer assistant and loan officer. Today, I am a Senior Loan Officer in the company’s Oak Ridge branch and work with Credit Analyst Carrie Mayton and Processor and Loan Officer Assistant Jennifer
Melton. As a licensed mortgage loan originator, I strive to match my clients with the right types of loans that fit their unique financial needs. I pride myself on offering prompt, friendly, professional customer service that ensures a timely closing experience.
I am a member of BNI and the Knoxville Mortgage Bankers Association, which recognized me the past two years with its Bronze Production Award. MIG has also honored me as a top producer in specialty lending and non-conforming loans. I look forward to assisting you with your current or future mortgage loan needs. You may reach me at the contact information below. I hope to hear from you soon.
The fun part! I will schedule showings and help you find the perfect home.
Subscription set up: Once we talk and go over your home needs we will partner up and set up a subscription through the MLS that will automatically email you every time a property comes on the market that meets your requirements.
Portal: You will be given direct portal access to my MLS membership. You can do additional searches and even communicate with me by saving properties you like or sending me messages that includes the listing.
Viewing Homes will be a huge part of home searching. We will speed time looking at different types of homes and different areas to continue to narrow down to your perfect home.
Click here to request a Buyer’s Consultation to get started building your solid foundation!
You agent will prepare the offer based on the price and terms you choose.
It may take a few times to get it just right, but hang in there. You’re on your way!
In most cases the contract provides you with a timeline to obtain financing, as well as time to inspect the physical condition of the home. I’ll inform you of your rights and responsibilities related to the contract.
You and the Seller have agreed to the price and terms. The home is effectively held for you until closing.
Perform due diligence, order the appraisal, conduct an inspection, and review terms with the lender.
Preparing for Closing
You will be finalizing your loan, reviewing documents, and discussing the findings from the inspection. I’ll be helping you manage this entire process.
Frequently Asked Questions
Staying on top of your credit is not just important for buying a home, but for every financial decision you make. The federal government provides a way to get all three of your credit reports yearly for free! Visit www.annualcreditreport.com
- View your credit report
- Report any fraudulent activity right from the site
- Order your credit scores.
Living in the Beautiful East Tennessee area also means being aware of Radon whether you are a renter or a homeowner. For more information on Radon please visit https://www.epa.gov/radon
Lead Based Paint may have been outlawed in the late 70s however, it is something we still need to be aware of. Lead based paint rarely causes issues now days even though it most likely in every home built before 1978. Proper education and awareness are the keys to keeping your family safe. For more information on Lead Based Paint please visit www.epa.gov/lead
Septic Waste Systems are still very popular. For more information visit: Tennessee’s Dept. of Environment & Conservation website.
At their site you can:
- View Tennessee Laws and Regulations
- Pull your own septic records
- Referrals for local specialist to perform installations, maintenance and repairs
Well Water is a very misunderstood and still popular method for obtaining water in a home. For more information on Well Water in East Tennessee visit: TN Dept. of Environment & Conservation – Well Water