Below you will find some usefull tips for both buyers and sellers. If you have any additional questions please feel free to contact us.
BUYERS
The Don'ts
Things to avoid before you have the keys in your hands:
* Don't make an expensive purchase. Making a purchase on a credit card or even with cash can effect your credit worthiness.
* Don't change your Job or reduce your income. Having A consistant job history looks good to a lender. Making a change in the middle of the loan approval process can have an adverse effect on your loan application.
* Don't switch banks or move money around. A lender will most likely ask for bank statements for checking, savings and/or money market accounts from the past couple of months. If your moving money around it looks like your involved in fraudulant activities.
* Don't disregard the lenders requirements. Even though you have been pre-approved for a loan, your work with the lender is not over. The lender will need other paper work from you such as bank statements, W2's and other important documents.
The Do's
* Make all your payments on time. If you don't it can disqualify you from obtaining a loan.
* Stay in touch with your lender, if you do the loan process will be faster than you think.
* Trust your lending team we are here to help you get the best loan possible.
powered Hunter Morgan Financial
Renting is the answer for some people at certain times in their lives. Renting is not for everyone. The advantages to owning your own home and even investing in real estate are almost innumerable. Since it hasn't been that long since I made the transition myself I can relate to your hopes, dreams and fears from a very personal perspective.
When you are ready to experience accurate information and the reality of your readiness to take that next step Edmond Realty has the time and information for you.Did you know that even as a first time homebuyer it is possible to purchase a home with very little or no money down?
Did you know that there are powerful tax advantages from owning your own home? Did you know that you can build a real estate investment portfolio by purchasing your own home and retaining it as a rental as you move up?The idea that "everyone qualifies" and "good credit, bad credit, no credit" sounds so appealing but is simply not the truth.
My promise to you is to accurately define the borders for lender offerings, build credibility with you, achieve your goals within the parameters of the lender's guidelines, give you immediate feedback, and provide your personal formula for success.
The truth is you may not qualify for the best solutions today but don't be dismayed; Tomorrow is another day and I am here for you! My goal is to educate the consumer on one of the largest purchases they will ever make. Please feel free to submit all your mortgage related questions and I will respond within 48 hours!