Simple ways to obtain a Home Loan

Simple ways to obtain a Home Loan –

  • Make sure you do not have large cash deposits into any accounts you supply bank statements!
  • Make sure you do not buy or lease anything two months prior to applying for a mortgage!
  • Make sure you have a full set of your Tax Returns on a PDF file.
  • Gather your W2’s, 1099’s, SSA 1099 & paystubs for the past two month.
  • Don’t apply for or open new lines of credit.
  • If you are receiving Social Security, make sure you have the New Years Award Letter detailing your new amount for the new year.
  • If you are receiving a pension, again make sure you have a Letter that details the pension terms. Also copies of Pension checks.
  • Make sure that the property taxes are paid and current, unless you have been paying them thru your mortgage payments.
  • First the Loan, then the Home.
  • Contact a Professional Mortgage Planner – Call Steven Marche at 805-374-6000 to see how much you do qualify for.  No Obligation to do so!

Improve your Credit Score for FREE

Improve your Credit Score for FREE – By doing some minor things you too, can improve your Credit Scores.

You can improve your scores by paying down your current balance to 30% of the high credit limit.  Then by paying the minimum monthly payment plus $5.00 each month you can raise your Credit Scores significantly.  Do not payoff to Zero, this too will not improve

Do not close accounts:  if you do your scores will go down.  Do not condense your credit debt into one card to lower your interest rate.  This effort will lower your score drastically!

Closing an account basically closes the book, by doing so you have lost the credit responsibility you have worked so hard to build up.

 

For more, FREE techniques call Steven Marche at 805-374-6000