Not too long ago I wrote up a list of things that will surely destroy your ability to secure a real estate loan.
You will definitely want to learn about the major mistakes to avoid when buying Real Estate
Many consumers that are shopping with a pre-approval letter don’t realize that you can really screw up your ability to close if you you make these major mistakes.
CHECK OUT MY LIST HERE on what NOT to do when getting a Mortgage
Truth be told getting yourself “pre-approved” and in contract on your home is only the beginning. Once you get in contract your loan must be processed and underwritten and this is when most of the real work is done.
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Cynics may scoff, but getting under contract on the right home can turn even the most stoic shopper into a bit of a dreamer. From paint colors to planting a garden, picturing yourself in that property is critical for many buyers.
But leave a little room for pragmatism. Remember that getting pre-approved for a mortgage and even under contract isn’t a guarantee. That prefix is there for a reason. Loan pre-approval is not loan approval.
You?ll have more hurdles to clear before a lender legally commits to funding your home loan. Buyers who don’t know any better can inadvertently add obstacles to that path ? or even kill the entire deal ?between contract and closing day.
Some missteps can be costlier than others. Here’s a look at five of the worst things you can do before buying a home… READ MORE HERE The 5 Worst Things You Can Do Before Buying a Home
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