1. Appraisal: The lender wants to check if the home is worth the amount you want to borrow. They hire an expert to evaluate the property and make sure it’s a good investment for both you and the lender.
2. Home inspection: It’s smart to hire someone to inspect the home thoroughly. They’ll look for any problems, like structural issues, plumbing or electrical problems, or other concerns that could affect the house. This helps you know if there are any major issues before you finalize the purchase.

In simple terms, the lender wants to make sure the home is worth the money, and you want to make sure there aren’t any hidden problems with the house. These steps help protect you and make sure you’re making a wise decision.