Mortgage Tips

Planning to purchase a home in less than 3 months?

Here are some tips to help you prepare:

• Get pre-approved for your mortgage as the pre-approval is good for 4 months typically.
  
  
• Don’t switch jobs in the last 45 days.
  
  
• Don’t switch banks in the last 3 months.
  
  
• Document all deposits over $500.
  
  
• Avoid having any NSF charges in the last 3 months.
  
  
• Keep paperwork like paystubs, bank statements, retirement account statements, etc.
  
  
• Obtain gift money or down payment assistance loan if needed.
  
  
• Don’t take out any new debt.
  
  
• Choose a mortgage professional you can trust who preferably has been referred to you by someone you trust.
  
  
• Write down and ask every question you have about a mortgage and expect honest answers from your mortgage professional.
  
  
• Understand the Secret to building wealth and how it applies to buying a home and selecting your mortgage.