Preparation

Before you start shopping for your dream home, it’s a good idea to make some preparations.

  1. Build your green file
    A green file contains all your important financial documents. You’ll need it to secure financing for your home. The typical green file should contain:

    • Financial statements
    • Bank accounts
    • Investments
    • Credit card
    • Auto loans
    • Recent pay stubs
    • Tax returns for two years
  2. Check your credit rating
    Your credit score will have a huge impact on what type of home you can buy, and at what price. Anything above 620 is considered good. A premium interest rate may mean a lower interest rate on your mortgage. Check your credit rating with a credit reporting agency such as:

    Equifax, Experian or Trans Union

  3. Be Careful With Your Finances
    Now is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability. For more information and for any additional questions, please feel free to contact me at any time.