Fresno Real Estate News
Fresno Mortgage & Loan Info Category
September 11th, 2012
The Top 4 Things to Avoid When Getting a Home Loan
Avoid These Common Buyer Mistakes
We here at Fresno Real Estate work with a lot of Fresno home buyers. So, when we come across helpful information for buyers we like to share it. We have the privilege of working with many great mortgage professionals in the Fresno and Clovis Ca area and yet have found one mortgage planner to be one of the very best.
Kathy Tuck at imortgage is one of our greatest resources for helping Fresno home buyers. Recently Kathy shared these 4 very helpful tips on what to avoid when getting a home loan.
The Top 4 Things to Avoid
1. Do Not Pay Off Bills
Your loan officer will advise you if it is necessary to
pay off bills to help you qualify for a loan. They will
also show you the best way to pay off bills to make
sure we have the evidence we need to prove that the
bills have been paid.
2. Do Not Move Your Money
It is best to leave your money right where it is until
your loan is closed. Moving your money to a new
bank or even into a new account can wreak havoc
with the verification process.
3. Do Not Change Jobs
Changing jobs before or during the loan process can
create a real problem in qualifying you for a loan,
particularly if the job is in a different line of work or
at a lower rate of pay. During the loan process, it can
also create time delays as the new job will need to be
verified.
4. Do Not Make Major Purchases
Many borrowers make the mistake of buying a new
car, some furniture or making another major purchase
without realizing the impact it can have on their
ability to buy a home. A large monthly payment can
affect the amount of home you qualify for and, during
the loan process itself, actually make it extremely
difficult to get your loan approved.
Thanks for the tips Kathy! If you would like to contact Kathy Tuck to discuss your loan options for buying a Fresno home, you can connect to here by phone at 559.432.2727 or by email at [email protected]
Happy House Hunting!
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July 19th, 2012
How to get a Great Home Loan in Fresno – Fast & Easy!
Home Loan Steps
Most people take out a home loan (known as a “mortgage”) to buy a Fresno home. Essentially, you need 3 things to obtain a home loan / mortgage:
- Dependable income,
- Good credit, and
- Down payment money (3.5% to 20% of the loan amount depending on the type of loan you qualify for).
Step #1
The first step to obtaining a home loan / mortgage is to get pre-approved. Getting pre-approved is a simple process. Just talk to a qualified Fresno area mortgage planner who will guide you through the process. Don’t know a mortgage planner? Contact Kathy Tuck at imortgage. She’s helped numerous clients finance their dream Fresno home with a home loan.
Step #2
One you have your pre-approval letter, we’re ready to go house-hunting and start the home buying process. We make buying a new Fresno home that easy!
Some Helpful Advice
When you start the home buying process by getting pre-approved you’ll avoid the pitfalls many inexperienced Fresno home buyers make. Countless home buyers make the mistake of looking for a home before they qualify for a loan. Don’t make that mistake.
Nothing is more emotionally disappointing than finding a beautiful Fresno home only to later realize that you don’t qualify for a loan. Besides, you can’t even make an offer on a home you hope to buy without your pre-approval letter. So take our helpful advice and begin the process with the Step #1 (get pre-approved). You’ll be glad you did!
Ready to Get Pre-Approved?
If you would like to get pre-approved for a home loan, or have questions about current interest rates, and types of home loan options available, give Kathy at imortgage a call today. She’s worked on hundreds of Fresno home buyers and home loans and can answer most of your questions right over the phone.
Here’s Kathy’s contact information:
Kathy Tuck
imortgage, Mortgage Planner
(559) 284-4020 (cell)
(866) 933-7856 (fax)
[email protected]
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