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"Lawrence's outstanding service helps me and my clients. From the simplest mortgage to the most difficult loan, Lawrence has completed the task. He is a true professional."

Anthony DeGregorio Jr., CFP®

"Buying a home - the amount of time and money you're investing - can be scary. Nick breaks it all down into an easy and understandable format. He's very professional and upfront."

Jeremy Starkweather

"I've referred at least half a dozen co-workers and friends to Lawrence, and that says a lot. I think the world of Lawrence - his advice and insight is excellent."

Paul Hidar

"Nick's at the top of his game. Working with him and Team Montani made my first home-buying experience hassle free. I already recommended him to other family and friends."

Mike Devlin

"I'm a real estate investor, and I worked with Lawrence to buy an investment property. He came up with an idea that saved me a substantial amount of money."

Garrett Henderson

"My clients all love Nick Rosetti from Team Montani. He makes them feel like they're his only clients. He takes the time to speak with everyone and gets to know their situation. He really cares!"

Angela Georgalas, Realtor

"Nick Rosetti is the only mortgage professional I frequently recommend. My siblings, parents, and most of my friends have used or are using Nick."

Mike Emmert, Title Agent

"I was so impressed by Lawrence I knew there was no need to shop around. He's so knowledgeable, he's more like a financial advisor, helping you do or afford things you never dreamed were possible."

Paula Mako

"I refinanced my house and bought a vacation home in the last month. Working with Nick Rosetti was great! It was a complex situation, and he made me feel very comfortable."

Nicole Newman

"Nick is great. He keeps me up to date on the clients we have in common. He's quick to respond and always stays in communication."

Mary Alice Goss

Demystifying The Home Buying Process

Home > Resources > Demystifying The Home Buying Process

Demystifying The Home Buying Process

Did you know that there are 48 individual steps to buying a home? No wonder so many potential buyers can find the process a little intimidating – even if they’ve done it before.

From exploring your lending options to making an offer, mortgage approval to moving day, the purchase of a home is one of the biggest financial decisions most people will probably ever make. And with so many recent changes in lending, credit, and home values, it can be difficult for the average buyer to keep up.

But with home prices low, interest rates on the rise, and a federal tax credit for first-time buyers available through November, there’s truly no better time to explore the benefits of home ownership.

With rates and requirements changing all the time, it’s vital to find a team you can trust – professionals such as a realtor, attorney, credit professional, and a lender who are willing to share their knowledge, educate you on the process of home buying, and guide you to the solutions that fit your financial and lifestyle needs.

Unfortunately, there are far too many companies out there that don’t exactly have your best interests at heart. So-called “credit repair” agencies can do just the opposite – damaging your credit while charging you hundreds or even thousands of dollars in fees. Some unscrupulous lenders never look at your overall financial picture, and push you to the loan that puts the most money in their pocket instead of the one that best meets your needs. Others host seminars or workshops that are thinly disguised, high-pressure sales pitches for their services.

That’s why we were delighted when a local event company asked us to be a part of their “Home Sweet Home” home buyer seminars. Held every month, these free two-hour sessions connect home buyers with area experts – from real estate attorneys and credit experts to home inspectors, accountants, realtors, and financial planners. Best of all, these seminars are 100% “no selling allowed.” The professionals in attendance are there for just one reason – to educate attendees and answer their questions so you leave feeling comfortable and confident about every aspect of the home buying process.

For example, during a recent seminar an attendee asked about the new federal tax credit. The accountant at the event was able to give her detailed information on income guidelines and how she might qualify for the credit, which can be worth up to $8,000 for first-time buyers.

Many questions at the seminars revolve around personal credit – from understanding your FICO score to taking steps to improve it or disputing inaccuracies on your credit report. The first step is to sit down with a lender to review your credit history. A reputable lender will provide this service free of charge to mortgage applicants, as it helps them better understand your financial position and guide you to the loan that’s the best fit for your needs.

If you’re in the market for a new home, the best place to start is with a little education. Look for a seminar that focuses purely on information, not sales. Talk to people, ask questions, and gather as much knowledge as you can to become an informed home buyer. Even experienced home owners can benefit from attending an educational session or two. With so much changing in the worlds of credit and lending, it may be a very different process from the one you remember.

Arm yourself with information, and you’ll find the process of obtaining financing and buying a home is suddenly a lot less intimidating – and a lot more rewarding.