Why? Because you'll have your credit report pulled from 3 credit agencies, and,
what if there is an error there in their reporting, or something is not reported properly?
Then - you'll need to fix the issues, clean your credit, possibly apply for additional cards (
to have a higher available credit limit)...you might need to pay off some past debts like collections,
or medical bills or just to pay down your car loan below 10 payments (this will increase your buying power)...
There is the additional money that you might need to set aside for the purchase - for inspection,
downpayment, closing costs, home & flood insurance policy, insurance inspections...and reserves (leftovers to show that you'll be ok for at least 3 months worth of payments).
So, if you start now, you'll be in a much better position later on - and ready to roll!
By then - you'll also need a pre-approval letter from your lender (the difference will be in
providing full documentation for loan approval-but without the actual house).
Pre-approval is a must have when buying a property.
Hope this helps,
Beachfront Realty, Inc.
I would recommend you get one great mortgage broker, or if you have a good relationship w a credit union, or I noticed ing direct has really low rates, if you open an account on line w them. If you need a good mortgage broker, let me know. I used to be one; I know someone who can help you.
I am a realtor in Pembroke Pines. I can help you in your search fr financing and the right property by setting up a customized search for you. Let me know how I can help.
Remember, each time someone pulls your credit, you lose a point on your credit score, so try to go to the best person, who can shop rates wholesale for you, or go to someone who will give you best rates. If it sounds too good to be true, it usually is...because they'll load u up w bad rates/closing costs at the end, when you're pushing deadlines...so you have to go w reputable professionals, always.
Catherine Kim Owens
Hammer & Hammer Realty Group, Inc.
Please let me know if I can be of further help to you.
Nicole Marks Mason, Realtor
Have them do it on the same day with the same parameters so that you'll have a true apples to apples comparison.
Keller Williams Realty Professionals
By pre-qualifying you will know how much home you can afford and be able to focus your
We would be glad to assist you in pre-qualifying and your home search.
Feel free to reach out if you need specific information.
I would not waste anytime in getting pre-qualified. We can assist you with this if needs me.
You may well discover that you can afford more home than you thought and it is definitely better
for both you and the agent you work with to find you the ideal home.
Let me know if you need more information
I look forward to helping you.
Royal Florida Realty
Direct: 786 525-9794