Preparation
Before you start house shopping, take stock of your finances.
Gather Your Financial Records.
A box of loose documents won’t help when it comes time to securing financing, so start building a file now that includes:
- Financial statements
- Bank account information
- Investments
- Credit card statements
- Loans (auto, student, mortgages, home equity, etc.)
- Recent pay stubs
- Tax returns for two years
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information.
Check Your Credit Rating.
Your credit score will have a huge impact on your ability to purchase a property, so we recommend checking your credit rating with the three credit reporting agencies (Equifax, Experian and Trans Union). To find out what you can afford, let us put you in touch with experienced lenders in the residential, construction, and commercial and investment real estate fields.
Be Careful With Your Finances.
Now is not a good time to make a sudden career change, apply for a new credit card, or go on a shopping spree. Make financial stability a top priority now so you can purchase the property you love!
