Are you thinking of buying a home, or maybe move to a larger home next year? While you are thinking, or perhaps already started looking at homes on the internet, there is something to do right now. Get pre approved by a professional local Mortgage Loan Originator. Why?
• When you apply for a loan, the first thing any lender does is checking your Creditscore. In the Netherlands the agency providing this is het BKR (Buro Krediet Registratie). In the US your FICO credit score is provided by Equifax, Experian and Transunion. It is fairly common to find errors on these reports. A lender might have made a mistake, or much worse. Someone might have used’ your identity. Things like this take a while to correct.
• It’s good to look at different options, this might involve talking to a financial planner or a CPA. A good Mortgage professional will be a great guide in advising you who you may need to talk to.
• If you make an offer, the sellers and their agent will expect to see proof of financing, either evidence of sufficient cash and/ or proof that you are approved and will not have a problem with the financing.
• It’s not an easy process anymore. It’s good to start as soon as possible, especially when you are self employed, have seasonal income, own rental property etc etc. There is work involved, but this is totally worth it.
Looking for a good mortgage broker? Your realtor will be able to refer you. A great local Mortgage Broker I can highly recommend is Seliga Financial, he can be reached at: 707-577-8737.
Mirjam de Rijk