Before you start shopping for your property in Brevard, it is a good idea to make some preparations.
Build Your Green File.
A green file contains all your important financial documents. You will need it to secure financing for your property in Brevard. The typical green file should contain:
- Financial statements
- Bank accounts
- Investments
- Credit cards
- Auto loans
- Recent pay stubs
- Tax returns for two years
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information.
Check Your Credit Rating
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.
Be Careful With Your Finances
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.
Buying a new home in Brevard can be a difficult and frustrating process, if you don’t have the right help and guidance. Choose Sarah Rutherford to guide you through the process of buying a home in Brevard. I have the experience and knowledge of Brevard to make your new home purchase as painless as possible.
Researching and Choosing a Lender
If you need financing understanding how much you qualify for and what price home will give you a payment your comfortable with takes a lot of the stress out of the homebuying process. Additionally, having a solid pre-approval from a reputable lender gives you the negotiating edge you will need once you find your perfect home. Sarah Rutherford has knowledge of local lenders and can help direct you to the right lender for your situation.
If you have decided that now is the time to buy a new home in Brevard, then please move on to Choosing A Real Estate Agent or give us a call at 321-693-0678 to get started.