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.LivingInBirmingham.com
Vestavia Hills Alabama Real Estate Market Statistics - August 2008
Homewood AL Real Estate Market Statistics August 2008
The Preserve, Hoover AL Real Estate Market Statistics July 2008
If You Want to Get a Birmingham Alabama Home Mortgage
Greystone, Hoover AL Real Estate Market Statistics July 2008
Brook Highland - Hoover Real Estate Market Statistics July 2008
Trace Crossings - Hoover Real Estate Market Statistics July 2008
Ross Bridge - Hoover Real Estate Market Statistics July 2008
Birmingham Alabama Greek Food Festival - September 11-13, 2008
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
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!