“Start the process early with your Mortgage Planner.”
6
Work Steady
your search and put you in a better bargain-
Lenders like to see a steady employment his-
ing position when you find that perfect home.
tory. If you are going to change jobs before you
Your realtor will appreciate this; she will know
buy your next house, ensure that it is a move
that you are qualified to be looking at the price
up in pay and/or responsibility. Lateral moves
point you requested. By doing it the other way
are okay but they should be in the same in-
around (as most do), you will be rushed into a
dustry. If you are going to be making a move,
home-buying decision and act out of impulse or
please advise your Mortgage Planner about this
emotion, and not from sound thinking.
during your first meeting or as soon as you be-
8
Don’t Straddle Two Houses
gin to contemplate the change so she can plan
This is becoming a big downfall for many
accordingly and help direct the information to
people across the country as they bought their
the underwriter.
new home thinking they would sell their cur-
7
Start Early
rent home before payments start on the new
Like everything else in life, if you wait until the
home. The problem for most is that they do not
last minute to apply for a mortgage, you will
have the cash to carry two homes. My advice
not give yourself enough time to research and
is to sell your existing one first. Now this may
ensure that you get the best program for your
mean that you will have to rent for a while if
family. When purchasing a home, you should
you don’t have a house lined up, but that is
start the process with your Mortgage Planner
much better than losing one or both in foreclo-
– not the real estate agent. After you and your
sure because you could not afford to make the
Mortgage Planner have analyzed your goals,
mortgage payments. That is a larger than life
dreams and finances, you then enlist an agent
adventure no one wants to live, as the resulting
with a mortgage plan in hand. This will simplify
bad credit will haunt you for years.
There you go, eight tips to smooth your journey to buying a new home without feeling like you have gone to the
center of the earth and back. The trick is to slow down and analyze what you are doing. If you are just beginning
to think about buying a new home or refinancing your current mortgage, pick up the phone and call your Mort-
gage Planner today. Make life happen and Take Control of your financial future, you will be glad you did.
Author: David Muti JD, RMA is the author of “Mortgages: What You Nee to Know” and the President of Forgot-
ten Equity, Inc. You can learn more about his book by visiting
www.pocketguidepress.com.
1
www.coloradohomeownermag.com www.coloradohomeownermag.com
25
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87