Time to Go Shopping

by Alex Mendel

Before you start shopping for your property, it is a good idea to make some preparations.

-Financial statements

-Bank accounts

-Investments

-Credit cards

-Auto loans

-Recent pay stubs

-Tax returns for two years

-Copies of leases for investment properties

Check Your Credit Rating

Your credit score significantly impacts the type of property you can buy and at what price. It’s recommended to check your credit rating with an experienced lending institution to determine what you can afford. The lender will review your credit ratings from the three major credit reporting agencies: Equifax, Experian, and TransUnion. We can recommend experienced, knowledgeable lenders in the residential, construction, commercial, and investment real estate fields.

Be Careful With Your Finances

Now is not the time to make sudden career changes or large purchases. Approach your property purchase from a position of financial stability to enhance your loan approval chances and secure better terms.