If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it's important to be aware that there are things that can have a negative impact on your application. Whether you've just submitted your documents or are getting close to it, here are some things you may want to avoid. Acquiring New Credit It may seem silly that something as minor as a new credit card can be a mark against your credit, but applying for … [Read more...]

Whether you're finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you'll need to prove your reliability to a mortgage lender. Here are the documents you'll want to have on hand when the time comes. Previous Tax Returns In order to ensure the earnings information you've provided to the lender, you'll need to have your tax returns for the two years prior to your mortgage application. In addition, you may also … [Read more...]

Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let's take a look at a quick four-step checklist that will help you to get ready to buy a home with a mortgage in 2018. Step 1: Set Up A Monthly Budget It might sound a little basic, but the best first step is to … [Read more...]

Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse. Let's take a quick look at a few ways that you can speed up your mortgage approval if you are in a hurry to buy your next home. Pull Your Credit Report ASAP The … [Read more...]