PortlandMaineLiving_BuyersPacket copy

Funding Your Home Purchase

Three factors determine how much can you a ord once
you’ve been approved.

Q U A L I F I C AT I O N Lenders may require that your monthly payments range
FOR THE MORTGAGE between 28 – 44% of your monthly income. The percentage
will depend on your credit rating. Your monthly mortgage
payment to the lender will consist of:

Principal on the loan Property taxes
Interest on the loan Homeowner’s insurance

DOWN PAYMENT Most home loans today require a down payment at closing,
CLOSING COSTS between 3.5 – 10%. If you are able to pay more upfront, you may
be eligible for lower interest rate loans and shorter loan periods.

Additional fees and costs associated with loan processing and
closing are required to be paid at the final closing, unless you
are able to include them in your financing, (otherwise known
as seller paid closing costs). Typically, closing costs amount to
between 2 – 5% of the purchase price (not the loan amount).

TO LEARN MORE, PLEASE CONTACT:

COLLEEN BEDARD | 207.233.7273 MARY ROY | 207.838.6245
[email protected] [email protected]

The Home Buying Process

Portland Maine Living We understand You obtain financial
Your trusted Realtors® your needs! pre-qualification

We write an offer We view properties You select properties
Earnest Money Check

Offer Accepted! You and your lender complete You obtain
Inspections mortgage application. loan approval
Credit Report-Appraisal
Negotiate Inspection Items

We close on We do the Title Company Selected /
your new home! “walkthrough” Title exam and title Insurance

About RE/MAX Shoreline

RE/MAX Shoreline is committed to Service Excellence.
We achieve this through partnerships.

We partner with agents. We partner with communities.

RE/MAX Shoreline is over 70 agent working RE/MAX Shoreline helped more than 750 families
together to achieve service excellence for all and businesses make their move in 2018, and
clients throughout Maine and New Hampshire. Our RE/MAX Shoreline-sponsored events and
positive, supportive, collaborative environment programs raised over $150,000 for local Maine and
helps agents succeed. A team concept leads to New Hampshire nonpro ts in 2018. We support
improved results. When you work with a RE/MAX the communities in which we serve with the
Shoreline agent, you are assured of the best purpose of seeing a better tomorrow and
possible outcome. knowing that we helped make it happen. When
you work with a RE/MAX Shoreline agent, you
We partner with clients. help make it happen too!

Our clients deserve the best experience. There is We love what we do.
always a solution. We are here to help nd it. With
headquarters in Portland, Maine and Porstmouth, Our Team specializes in local home buying and
New Hampshire, RE/MAX Shoreline is the selling. We e ectively coordinate the purchase
combined local expertise of over 70 agents with and sale of real estate properties: Residential
global reach of the RE/MAX brand. Give us a call or homes, commercial properties, townhomes,
stop in today to schedule a consultation with one condos, new construction, and land, based on our
of our agents. clients’ needs.

About Portland Maine Living

Mary Roy Colleen Bedard

207.838.6245 207.233.7273
[email protected] [email protected]

Portland Maine Living Group is changing the perception of real estate agents, one sale at a time. We bring
together our business, legal, and marketing experience, with an artistic eye and decades of knowledge of
the greater Portland area to help our clients with all of their residential real estate needs. Combined, our
talents and strengths uniquely position us to assist you in realizing your real estate goals. You benefit from
the sum of our knowledge and seamless execution of real estate marketing and negotiations. We create an
Excellent Experience at every step. Our Integrity guarantees that we will always do the right thing.

BUYERS. SELLERS. RELOCATORS. INVESTORS.

We are each experts in the field and, as such, are members of the National Association of Realtors, Maine
Board of Realtors, Greater Portland Board of Realtors, and the Maine Multiple Listing Service. We have
worked with people moving to Maine from outside of the state and country as well as local residents to help
them navigate getting settled in Maine. We work as a team with knowledgeable lenders, title/closing
companies and insurance agencies to help make your transition smooth.

What to Expect from Us

Knowledge and professionalism A committed ally who will complete
your purchase contract, present your
Thorough consultation to determine o er, and negotiate on your behalf
your unique wants and needs in a home
and a community Guidance and advice through the
entire process from o er to close
Advice on making an o er based
on expert market evaluation so you Resources for your new home
don’t “overpay”
The backing of a trusted company,
RE/MAX Shoreline

TO LEARN MORE, PLEASE CONTACT:

COLLEEN BEDARD | 207.233.7273 MARY ROY | 207.838.6245
[email protected] [email protected]

As Your Buyer Agent...

We will represent your best interests, serving as your advocate.

Locate and show properties pointing out the Provide a Market Analysis on the properties
strengths/weaknesses of each. of interest.

Utilize multiple sources to locate properties for Negotiate strategies regarding price, terms
you, including “For Sale By Owner” and and conditions.
properties not currently listed.
Assist you through the mortgage process,
Review the accuracy/completeness of property due diligence period, title work, and the
disclosures and status of town hall information. closing process.