How to get qualified for a house

Shima 0 comments 28.09.2020

Unless you intend to buy a home with all cash, you will need to discuss your financial options with a licensed mortgage advisor. ?? To begin the loan application process, you will need to gather several records. ?

Above are ???? of the most common documents a lender will ask for.

⭐️ Please remember, I will happily send you a list of my TOP preferred lenders that I have not only worked with and trust- but can ensure their professionalism and reliability in helping you throughout the entire process. 

Home Buying Process

Shima 0 comments 28.09.2020

If you’re dreaming of buying a home, there are several steps you can take today to get you on the path of becoming a homeowner one day.

Unsure where or how to begin? Reach out today and I will happily help. 

Searching for more than just eggs this Easter?

Shima 0 comments 25.03.2016

We’re not even half way done with the first quarter of the new year and it seems as though all the good homes are tricky to find just like the most rewarding eggs!

Experts predicted early on that the housing market in 2016 would be a seller’s market. Fast-forward to March and it is evident that home prices are increasing, inventory is low, and there are many buyers looking for the same things.

What should you know?

In a seller’s market, there are more buyers than sellers. This tends to cause discouragement in buyers as they find themselves competing amongst others for the home of their dreams.

Certainly, buyers must keep an open mind and stay prepared to move quickly. If one should find the home of their dreams- they should act now as statistics show that 85% of buyers who say they plan to buy a home in the next year, say they will wait until late spring or early summer. Luckily for buyers who begin their house hunt early on, face less competitors with just as many homes for sale.

When choosing a mortgage, it is helpful for buyers to shop around and meet with several lenders. By speaking to different parties, you will find you have multiple options to choose from and are not putting all your eggs in one basket.

As for sellers, prime home buying season usually begins in April and reaches a peak in June. When choosing to list your home during the prime months, as a seller, you are benefitting from a larger population of buyers and potential bidding wars. Surely, this brings in higher prices and quicker closings.

Frankly, by pricing a home to sell accurately, based on comparable sales, buyers will naturally be attracted to the home. It is therefore essential to price a home adequately for the market.

Undoubtedly, it is important to get the right help when buying or selling.

Remember, you surely don’t have to house ‘hunt’ alone… I’m only a ‘hop’ away from helping you and those you know during such a monumental time.

I wish you a happy Easter and spring!

Don’t Show Up At The Altar Without Your Ring

Shima 0 comments 25.06.2015

One of the first questions I always ask my clients is, “Have you already been qualified?” I’ve noticed, this tends to cause two reactions.

1. The client suddenly feels concerned

OR

2. The client assumes it is because I think they are not capable.

This is not true.

Purchasing a home is very similar to planning a wedding. A home is one of the greatest investments you will make in your life, so you want to think things through so that you find the right fit for you. It is similar to searching for a venue, wedding dress, cake, etc.

 You don’t just show up on the wedding day. You do your research, plan, and prepare wisely. Qualifying is just one step before the fun begins.

 Jimmy Wakimoto, Vice President of Lending Operations at Civic Center Home Loans shares that…

“It’s important to keep an open mind about what you believe to be fact about mortgage lending.  For example, “Over 32% of Americans still believe that you need to have a 20% down payment to buy a home, even though that has not been true for over 30 years.  In fact, some special programs allow you to buy without any down payment at all.  There are a lot misconceptions out there about what it doable and what is not and it rules change very frequently.  Don’t let incorrect information lead you down the wrong path, talk to a professional mortgage lender and get the facts.”

Even if you are not planning on purchasing a home for another year or so,

It doesn’t hurt to get qualified for 2 reasons:

1. You will need to it, eventually.

AND

2. If you discover your credit is in fact low, it may take 2-3 months to fix.

Getting qualified does not cost a dime. Wakimoto can determine what you qualify for by simply running a report for you.

Prior to a quick meeting with Jimmy, you will need to gather

-Paystubs or evidence of income for most recent one month period.

-ALLpages of statements (bank, 401K, investment, etc.) for the most recent TWO month period.

-W2’s/1099’s for the past 2 years.

-Copy of your Driver’s license and Social Security card

-2 years (Federal only NOT State) income tax returns.. ALL pages

Remember, you wouldn’t show up at the venue not knowing if your ring will be there. Get qualified today and expedite the home-buying process.

To learn more, please refer to Wakimoto’s wonderful website here.