First time homebuyers, your credit score is a vital element that will determine your credit worthiness in a lender and underwriter eyes. This impacts you mortgage interest rate and how much of a home you can afford. With that said, your overhead debt needs to be low as possible. You need to make continued effort months prior starting the process to ensure no negative activity shows up. If so, you will have time to investigate and clear matters up much as possible. You must pay all your bills on time to include bringing the balances down. What will help immensely is to have your bills on auto payment. In this season homeownership is very easy to fall in love with. Click link to learn more about first time buying
There is a way to have your rent payments on your credit report for credit. Click on these links to investigate https://www.credit.com/extracredit/adv/rr-cc?utm_medium=paidsearch&utm_source=rentreporting-ppc&utm_term=KWE-RR-CC&gclid=CjwKCAiAqaWdBhAvEiwAGAQltlOQ565qjNxP7L5VptiyF6VE3zcu6aNjrt4vQ0YiZ55X15dsPnYCwRoCAzkQAvD_BwE
The definition of pre-approved is to show the maximum loan you are approved for, as well as the specific interest rate and loan term you can expect. The loan processor will look at your finances that are turned in to determine on how much will they loan for your home. This is as close to the amount they can loan based on your financial status. The processor can suggest you paying off a few items to qualify for even more of a home. This letter shows the buyer that you are serious when a signed contract is presented by you. By getting pre-approved early improves your chances of falling into the seller good graces, this is necessary before you are physically walking into a home. After loan processor receives all requested documents, it then moves to underwriting. Click link to learn more about pre-approval /PRE-APPROVAL-LETTER---32819---32836---Dr-Phillips-6-22986.html
As a trusted advisor, retired veteran and professional realtor I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home.In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt.
We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision at the right time. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.
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