Helping make real estate dreams come true
How long must I have worked before applying for a loan?
Two years of stable employment at the same employer or continuous employment in the same industry.
What do I need to have in the bank?
Have 6 to 8 months of PITI (principal, interest, taxes, insurance) in the bank as seasoned funds.
What should I not do?
Do not buy a new car less than 6 months prior to applying for a mortgage or make any major purchases using credit.
Credit report tip:
Check your credit report prior to applying for a mortgage so you can fix any errors.
Places to apply:
Look into getting approved by a FHA approved broker/lender. This will be easier to qualify than having 20% down payment.
If you are shopping for a real estate agent in the Brainerd Lakes area of Minnesota, work with Kathleen Lordbock of Keller Williams Realty Brainerd Lakes, a licensed agent who knows about the current market trends, financing options and credit nuances.
Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
Kathleen Lordbock REALTOR/Staging & Short Sale Specialist
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
How long must I have worked before applying for a loan?
Two years of stable employment at the same employer or continuous employment in the same industry.
What do I need to have in the bank?
Have 6 to 8 months of PITI (principal, interest, taxes, insurance) in the bank as seasoned funds.
What should I not do?
Do not buy a new car less than 6 months prior to applying for a mortgage or make any major purchases using credit.
Credit report tip:
Check your credit report prior to applying for a mortgage so you can fix any errors.
Places to apply:
Look into getting approved by a FHA approved broker/lender. This will be easier to qualify than having 20% down payment.
If you are shopping for a real estate agent in the Brainerd Lakes area of Minnesota, work with Kathleen Lordbock of Keller Williams Realty Brainerd Lakes, a licensed agent who knows about the current market trends, financing options and credit nuances.
Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
Kathleen Lordbock REALTOR/Staging & Short Sale Specialist
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
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