Buying a
house is a dream for most of us. Having your own house has its own benefits.
Doing things in a rush can increase the chances of our mistakes and buying a
home is not one to do in a rush.
There are many important things that are taken care of before buying any
house for sale. Taking a good care
of your budget and saving money is one of them.
After getting your offer accepted by the seller the time for
inspections, paperwork and planning starts. Although the time passes by quickly
untill the closing day you have to do many things in a less duration of time.
While buying a house try to avoid these following five mistakes that
could help you avoid potential problems with lender and keep your transaction
moving forward within your set time periods. Cifiyah is here to guide you making your experience as easy as
possible and avoid certain mistakes.
Don’t change your job
Try to avoid changing your job at this period of time. A change in your
employment during this process can disable you from receiving loans. Stability
in employment is an important factor that plays the role. A steady history of
employment can offer you more loan options. And if its necessary to change the
job then try speaking to the lender before buying the house
for sale.
Don’t
change your income-to-debt ratio.
One of the main factor that the lender considers while qualifying your
loan is the ratio of your monthly income to your monthly debt. Try not to take
big loans for improvements on the new place or to spend the money on costlier
things such as a car. The bank will consider that as a new debt and will check
your financials again before lending you money.
And once you fail to qualify its criterias the bank may not provide you the loan you
have applied for.
Don’t open new credit
cards.
Opening new credit accounts will again cause you financials and credit
score to change and may trigger a new loan approval, effecting your purchase.
Buy other needed and tempting things once your loan closes.
Be present all the time
Always be sure to keep in touch with your lender. The Lender of your
choice will keep you informed of the time line so you can be readily available
to immediately address any last-minute concerns and to execute documents as
needed.
Be current all the time
Even though selling and buying at the same time can be chaotic, be sure
to stay current with all bill payments. Late payments, too, can affect your
credit score when financials are checked again just prior to closing the
purchase of you new home.
Our website, Cifiyah is a leading online marketing
website where you can sell, buy, and post free ads. It is a classified website
with a very user-friendly platform that allows users to browse between
different categories and select their preferences.
Benefits of using Cifiyah
·
People
searching for houses for
sale near me will get results according to their location.
·
You can buy
houses for
sale directly from the owner no broker or third person is involved.
·
You can get
houses for
sale at cheapest rates possible.
