With Tax Season in full swing and all that paper everywhere do you even feel like just throwing it all up, away or into the fire? Boy I know I do but, we have to keep some important docs and I hope this list is a good reminder.
Do’s and Don’ts when applying for a mortgage.
Notify your Loan Consultant if you plan to receive gift funds for closing. Gift funds are acceptable only if certain criteria are met. Advances from credit cards for down payment/closing costs are never acceptable.
Notify your Loan Consultant of any employment changes such as recent raise, promotion, transfer, change of pay status, for example, salary to commission.
Close or open any asset accounts or transfer funds between accounts without asking your Loan Consultant about the proper documentation required for your loan. For example, before transferring all funds from your savings to your checking, check with your Loan Consultant.
Deposit any monies outside of your automated payroll deposits, particularly cash or sale of personal property, without notifying your Loan Consultant. Many guidelines require substantial documentation as to the source of these deposits.
I am not a mortgage lender but I work very closely with some great ones and if you want more information let me know they would be happy to assist with any questions or in the process.
Our Bank Owned Home of the week is definitely worth a tour. Just trying to find anything under 300k in Bothell is incredibly rare this one is perfect for the first time home buyer. Hurry!!
$280,000 for this 3bd rambler has NEW carpet, NEW paint, and a NEW roof in 2013! Large .38 acre lot is fully fenced. Storage shed and plenty of parking for your RV or toys. Also offers large covered patio, great for entertaining. Northshore school district. Great location for your commute! Bring Offers!
Call or email me for your personal tour.
For the 3,880 single family home sales than closed last month, the median price was $288,000, about 8.7 percent higher than a year ago when the price was $264,995. Scott said a 4 percent increase is the historical norm.