Boomer-Chick-Musings I don’t always think about real estate..I do have another life!
I picked up two promotional fliers recently, from local lenders. Here is a compilation of what they said to potential buyers! I also added some tidbits.
Want to get a loan? Don’t do these things!
~Don’t co-sign a loan for anyone! ~ Don’t start your own business, or quit your job! ~ Don’t make any large purchases like a car! ~ The bank doesn’t care if you don’t have the perfect appliances or furnishings – wait until after you close! (this item came close to wrecking a transaction for my sellers) ~ Check with your lender before making large deposits! ~ Don’t trigger any action that would make anybody check/pull/ inquire about your credit! ~ You need more than just a loan, you have closing costs as well! Don’t spend that money! ~ Your credit is everything: pay bills on time, no late payments, don’t start using the credit cards excessively! ~ Put down every item (liabilities or debts) on your loan application (every item!) ~ Don’t make any changes in your bank accounts! ~ Be organized! You will probably be asked for all types of documentation. DO Be organized!
PS Find a lender with an excellent track record. Don’t follow the ads (internet, newspapers, radio, etc)…ask your agent for referrals and meet with her/him before you commit to her/him!
Alameda Real Estate this Week
Lots on the tour!. Tues I rode my bike and saw 8. Thur I drove around between meetings and saw 5 more, plus one that was not on the tour. Missed out on the rest.
Active listings this week 59
Pending listings this week 68
Alameda Real Estate Awards this week…remember this is only my perspective!
That’s a wrap! Have a great weekend! Contact me if you have questions (or any answers!).