Home Purchase Process

Bailey & Wood Financial Group is proud to offer free consultations to those whom are in need of advice on purchasing a home or refinance questions. Feel free to schedule an appointment with our office at no charge.

Some consumers feel overwhelmed by the home buying process. In addition, housing costs are the single most expensive item in a household’s budget. The Cooperative Extension Service, through land-grant universities, offers a broad range of home buyer educational programs, including pre-purchase education, mortgage delinquency counseling, maintenance, and post-purchase education. Topics generally include:

  • Renting vs. buying
  • Budgeting
  • Evaluating construction and floorplans
  • Mortgages
  • Legal aspects
  • Leases
  • Community aspects
  • Economics and costs
  • Environment considerations

There are many other options for borrowers wanting some information or classes concerning their options.

Below are some links to HUD and USDA giving some additional info on the buying and refinancing process along with potential education programs of interest.

Please refer to our glossary page as well as it has helpful definitions of terminology you will hear throughout the mortgage process.