Each Keller Williams Realty office is independently owned and operated.
Lets Talk Money
Savvy buyers in today's market know the importance of having every aspect of your finances and portfolio in top shape. Should you need it, Linda will provide assistance in assuring that your new home will be yours sooner, rather than later. You will be provided an "L-File" to get you started. This customized portfolio will help buyers and sellers stay organized.
Whether you are financing the purchase of a property, refinancing your existing loan, or obtaining a real estate equity line of credit, the following tips will help you get started.
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Start an "L File": Your unique L-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. |
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Check Your Credit Rating: Equifax 1 800 685-1111 |
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Savings & Debt: If you are buying real estate, 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. |
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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! If you are tempted to buy a big-ticket item, consider the following: |
A $500 a month debt payment (like a credit card or auto loan) could lower the amount of home you can afford by about $83,000! *
* Based on a 30-year mortgage at 6% interest.
