Jeffrey Appel's top 5 ways to survive the current market
Eye on Real Estate's own Jeffrey Appel knows the mortgage business inside and out. If you have questions about your mortgage, how you can get a mortgage, or what kind of deal you've gotten, Jeffrey can help.
Worried about the current market? Jeffrey's put together his top 5 suggestions to make sure you survive it.
1. Apply as soon as possible for a mortgage, even if you haven’t found a property. Lenders can grant loan commitments subject to contract of sale.
2. Get a referral for a credible real estate agent and mortgage provider.
3. Research and hire a competent real estate attorney.
4. Order a copy of your credit report so you know your credit standing in advance.
5. Do not change careers if you are planning on buying a home. Lenders want to see that the borrower has stable income, and one of the ways that they do this is to look at employment history.
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