Important Things To Avoid When Buying A Home

Wednesday, March 31st, 2010

Do’s and Don’ts When Buying a Home
Don’t move money around and don’t buy a car while trying to buy a house

Given the high amount of foreclosures in the past few years, lenders have tightened requirements for loan approval. Now, buyers and mortgage brokers have to jump through a lot of hoops in order to get loans approved. It is mission critical that you work hand-in-hand with your mortgage broker and/or lender and have a high tolerance for providing requested documents, no matter how many they request. If you are self-employed, you will have to jump through even more hoops. If you have an excellent mortgage broker, he or she will be able to prepare you for what you will need to do.