Financing Your New Home



Getting
Started


Shop For A
Loan


Know The
Numbers


Get Pre-
Approved


Applications
& Processing


Funding
 

Start A Green File.

A Green File should contain all of your important financial documents. Regardless of the loan type, lenders will need information about you. Make copies of financial statements; bank accounts, investments, credit cards, auto loans, recent pay stubs and two years’ tax returns.

Check Your Credit Rating.

Credit scores range between 400 and 800. 620 + is considered “good”. 680 + is considered “premium” and may possibly help get you a lower interest rate.

Below you will find the contact information for the 3 major credit reporting agencies to help you determine your credit rating. Ask your lender how to improve your credit score if you need to. Going forward, treat your credit like gold.

Equifax http://www.equifax.com (800) 685-1111
Experian http://www.experian.com (800) 392-1122
Trans Union http://www.transunion.com (800) 888-4213

Savings & Debt.

Try to accumulate funds towards your down payment, closing costs (appraisal, miscellaneous fees, escrow, title insurance, etc.) and expenses such as inspections. Furthermore, try to pay down existing revolving and high interest rate debt like credit cards.

Toe The Line.

Now is not a good time to change careers, move your money around, or buy big ticket items. Lenders like stability. So if you are considering any major changes, it pays to meet with a lender and ask them how to proceed before you make any changes!


Powered by Amortization Calculator Mortgage Calculator


Powered by Mortgage Rates

© 2017 WWW.ISELLWNY.COM. All rights reserved. Sitemap. Design by Agent Image - Real Estate Web Design
HUNT Real Estate ERA is the Official Real Estate and Relocation Company of the Buffalo Bills and Buffalo Sabres. HUNT ERA is also Proud to Sponsor the Rochester Americans.