Name

Name

Anna S. Parks

Personal details

Location

Monroe, LA

Web

http://www.faircashnow.com/

Short Bio

Don't buy the most expensive house you are approved for. You are the best judge of the amount you can afford to borrow. The lender's offer is based only on the numbers. Consider your life, how your money is spent, and what you can afford and stay comfortable. Before beginning any home buying negotiation, get pre-approved for your home mortgage. That pre-approval will give you a lot better position in terms of the negotiation. It's a sign to the seller that you can afford the house and that the bank is already behind you in terms of the buy. It can make a serious difference. It is advisable that you remain in contact with your lender, even when your finances are in trouble. While some folks lose hope when things go awry, smart ones take action to negotiate new terms. Give them a call to find out what you can do next. When you are waiting to close on your mortgage, don't decide you want to take a shopping trip. Many times, lenders will check your credit before closing on the loan. Save the spending for later, after the mortgage is finalized. Do not waste time in your home mortgage process. After you've submitted a mortgage application to the lender, this is when your clock start ticking. You have to send any necessary documents for the application process quickly. Any delays could destroy a purchase and cost you your deposit. Get an expected closing date, and then keep in touch with the lender periodically until your loan closes. Some lenders close quicker than others. Reducing your debt as much as possible will increase your chances of being approved for a mortgage. If you are not in a good financial situation, meet with a debt consolidation professional to get out of debt as quickly as possible. You do not need to have a zero balance on your credit cards to get a mortgage but being deeply in debt is definitely a red flag.

History

Member for

7 years 10 months