Debbie
Kayoda, Realtor®
Real Estate for Real People
(866)526-9889
Plan Ahead
Even if you are not seriously thinking about buying a property now, it's a good time to take a look at your credit history and condition and make necessary changes as appropriate.
Lenders look at the use of credit, credit history and the punctuality of payments to help them make a lending decision. Use your credit cards conservatively. Have credit, but not debt and whatever you do, keep those payments current.
Work with your mortgage broker
If you have an experienced lender/mortgage broker, s/he can help you set a course for sure fire approval.
Keep your Realtor® informed
Help your mortgage broker keep your Realtor® in the loop if there are issues with your credit. Sometimes a creative structuring of the offer can compensate for some other weaknesses.
This information has been provided by Steve Lex, Legacy Home Loans phone #949-900-4615. e-mail: slex@legacyhomeloans.com