Beware: Don’t do these things before going to buy a home


Posted October 31, 2012 by brijesh

So you’ve decided to opt for a home by lending hard cash. Before going further to get your home financed, it is essential for you to keep your nose clean first.

 
So you’ve decided to opt for a home by lending hard cash. Before going further to get your home financed, it is essential for you to keep your nose clean first. If you have enough credit, this situation makes lenders think twice to lend you money to buy home. So, it is your job to make sure that’s doesn’t happen anymore. Here are some most important don’ts you must follow while you are going to buy a home.

1. Don’t switch your job before buying home: This is not a good time to switch your job or being a self-employed. That’sthe time you could show your stability in job to the lenders.
2. Don’t change bank accounts: Along with your employment, it is essential for you to show your stability in your bank accounts to the lenders.
3. Don’t buy any bike or car or any other mode of transport while lending money to buy home. This results in increasing of debt-to-income ratio and this is something lenders won’t want to see.
4. Don’t buy any furniture: This is not the good time to buy any furniture for credit. Like car, this will also show hike indebt-to-income ratio which tends to bad impression among lenders.
5. Don’t make payment of your credit card bills or charges too late: In fact, you need to keep a best track record of your credit by which you can show the lenders that you can manage your credits.
6. Don’t deposit large amount on your account: Lenders love to see the money which is down payment must be sitting for at least two months – what’s called “seasoning”.
7. Speak the truth: Don’t lie on your loan application. Don’t leave your debts or liabilities while applying for a loan. It’s a fraud.

I hope these tips will be helpful to you whenever you go to apply for home loan. If you are planning to buy a home in Ajax, this article will surely be proven helpful to you. You can buy your dream home with the help of Ajax real estate agent. The real estate agent is a professional who have enough contacts and links with the help of which he can do your work more easily. Ajax real estate market involves certain opportunities to buy and sell the homes at very competitive prices. Log on to markten-pow.ca for more details in this subject.
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Issued By Ajax Real estate
Website Ajax real estate
Country United States
Categories Real Estate
Tags ajax real estate , ajax real estate agent
Last Updated October 31, 2012