Mortgage Blog

I have more and more requests from purchasing houses now.
But we could do better to avoid future problems.

1)Check your credit score.

2)Get a pre-approval from a broker and lender.

3)If you need get down payment from Third Party,
please transfer at least two months earlier for loans
over 417k, one month earlier for loans less than 417k.
Otherwise, the lender will ask Gift Letter and the
translation documents if the money wired from a foreign
country.

4)Find a trust-worthy realtor to find a dream.
You don't have to check the rate everyday. The money
you saved on the good deal is much more than the
good rate. Besides, you can refi anytime if you
have higher rates at purchase. So focus on the purchase
first, not the rate.

5)After the offer accdepted, get the inspection done as
soon as possible. This is very important as well.

6)When offer accepted, you can shop around to get a good
loan agent/broker. If the agent/broker can quote you
rate without asking you about the contract is not a good
loan orignator. talk to the Loan Originator about the options
whether to pay the closing cost or not.

7)Work with the LO to get the paperwork and close the deal