One of the things that seems to be one of the biggest items on most peoples' list is the loan.
You can't turn on the TV or pick up a newspaper without hearing about the "mortgage meltdown."
Over the next few days we are going to be looking at four things lenders look at when deciding on whether or not they should approve a loan.
Four of these things are:
1. Your credit
2. Your income,
3. Your job and how long you have been there and its stability.
4. Your future income
After going over these four items, hopefully, we can help you prepare yourself to increase your chance of getting that coveted preapproval.
Exceeding expectations, delivering world-class service, and giving a WOW! experience to buyers, sellers, and residents of the Greater Birmingham Area. www.LivingInGreaterBirmingham.com
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What an excellent post Stephen. A thumbs up, a great smile and a whole lot of optimism. Exactly what we all need.
Steve - In this market there will be no shortcuts, potential buyers will have to be really qualified for a loan and all docs will have to be presented. I Look forward to the rest of the series.
Julie, with all the bad news being broadcast, I think we all need some hope!
Jennifer, I agree totally! I am just hoping to give some information that will help that process be a little more smooth!
Look forward to hearing what you have to say. (Esp. #4?)
Matthew, as a real estate agent, my advice won't nearly be as deep as yours. This will all be based on information I have gathered from a variety of places. Hopefully I won't let you down!