Build Your File.
 

Your file contains all your important financial documents if you will need it to secure financing for your property. The typical file should contain:

• Financial statements

• Bank accounts

• Credit cards

• Recent pay stubs, at least 2 months

• Tax returns for two years

• Any debt you may have such as student loans, auto loans, etc

 

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. In other words, do not apply for loan and change jobs or retire.

Do not make any large purchases or move monies to new or “unseasoned” (less then 2 months) accounts.