Changing jobs before or during the loan process can create a real problem in qualifying you for a loan, particular if that job is in a different line of work or at a lower rate of pay.
Do not change Banks or Move Money Around. It’s difficult to verify funds if money is moved, so leave everything as is until your loan is closed.
Do Not Pay Off Bills. Your loan officer will advise you if it is necessary to pay off bills to help you qualify and obtain sufficient proof of payment.
Do not make any Major Purchases. Large purchases have a major impact on qualification. If you add a payment, or increase a payment it will decrease your qualification amount. Stay away from purchases such as cars, boats, RV’s, furniture and such.
To be safe, you should consult your mortgage loan office with any questions.
A successful real estate experience can be one of the most exciting and rewarding events in your lifetime. The exhilaration of a positive buying or selling transaction can't be beat! However, did you know that moving and relocation ranks third on a list of the most stressful life events? With only divorce and death rated as more stressful, it's no wonder that so many people dread moving. Thankfully, there's no need for you to worry any longer. To help make your total real estate experience-from buying and selling to moving-the best it can be, choose our experienced REALTORS® to effortlessly guide you through the entire process. For more than 23 years in the Greater Phoenix Area, we have helped many people just like you successfully make their new home dreams come true. Having lived and conducted real estate in the Valley, we have seen nearly every transaction, and continued to make every closing smooth, efficient, and stress free. With our attention to detail and specialized knowledge of the Greater Phoenix real estate market, you can rest assured that we will provide you with a wonderful real estate experience every time!
The factors that go into purchasing a home are as varied and dive
" initially thought we would start the search process earlier but delayed for a few weeks. Sharon kept n touch during the entire process and even after, always making sure we were ok. We were first time home buyers and Sharon was excellent in explaining every step of the process. We are very grateful that we found her."