Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Here is good detailed information that I am reblogging because I know a lot of buyers are out there getting ready to do something; however if you don't have what you need in the form of documentation and credit, then you might find that you need more time to get ready.
I won't lie to you. The bygone era of planning and then starting your home buying search by just looking in a newspaper are long gone. That's true in my Chicago/Chicagoland area ... or anywhere else across the U.S.
Today, the planning and preparation for buying your home is far more detailed in nature than in the past. Home buyers are called upon to be much more involved in their processing and much more organized with documentation than ever before.
And their planning and preparation for buying their home needs to start long before actually beginning a property search. And yes ... I would suggest even before searching-out a real estate agent.
Much of the preliminary preparation and planning can be done by a potential home buyer on their own before seeking a pre-approval for mortgage financing, if following this guide. I do however, promote finding a knowledgeable, experienced mortgage lender to help you through this preliminary process. Most mortgage lenders will be happy to assist you throughout this period.
(Note: Should more severe credit issues need to be resolved, I strongly recommend immediately seeking-out the services of a qualified mortgage lender to guide you through the specifics of your credit repair. Do this sooner than later, as the more time allowed for the repair process, the better. Raising credit scores takes time.)
I've now got you convinced to give this preliminary preparation a try, right? Great!So where do you start?
Compile the last two (2) years of Tax Returns and W-2's or 1099's. (Only the U.S. Returns are needed). Please note: That if any income is derived from a business or self-employed venture, the Corporate Returns will be needed from the most recent 2 years.
If NOT self-employed, create a file folder to keep ALL paycheck stubs. If paid by direct deposit, please know/learn how to retrieve or request the last 30 days of paycheck history online or from your employer.
If receiving documentable income from alimony, child support, or other sources ... written confirmation will be requested. Typically a minimum of three (3) months of documentation will be required, as well as proof of the length of time the income will continue (typically 3 years or greater).
Checking/Savings Accounts: Keep ALL bank statements and ALL pages of same. The most recent two (2) months (* 60-days of a transaction history/report) will be required at mortgage application. PLUS, the next statement from the account that the Earnest Money Check was written from will be needed. (If Earnest Money was donated, that money will have to be verified from the donor's account. Same statements apply for the donor).
* If quarterly Statements, the most recent quarter ended will be required at time of underwriting.
Stocks/Bonds/Mutual Funds: Two (2) months (or the most recent quarterly statement) of most recent Statements will be needed. Funds to be used for Closing will need to be liquidated (sold) and moved to a verified account to be deemed "available" come Closing.
Retirement Funds: Proof of statement indicating the name of the Borrower, name of the Fund Holder/Administrator, and the account number/balance. If used at Closing, the terms of the loan or withdrawal, must be attained prior to Underwriting. Funds to be liquidated MUST be tranferred into and documented as "available" in an already verified account.
Gift Funds: Proof of fund transferred from the Donor to the Borrower(s) must be verified. A GIFT LETTER form is needed. It will be provided by the Loan Officer/Banker, for the Borrower. A specific process must be followed, so please ... consult with YOUR banker.
Cash/Coins: Unverifiable and NOT Acceptable. Consult with your Loan Officer/Banker well in advance.
Remember, the more of this preliminary documentation you have compiled and ready prior to starting your home buying and mortgage financing venture, the better. It can mean the difference between navigating a smooth loan approval process or rough waters.
Part Two of this blog ... will cover the topics of what CREDIT and DEBT you will required to verify during your upcoming mortgage pre-approval and application. Please watch for the very important Part 2 to this post ...
* Should you be in need of or seeking an experienced, knowledgeable mortgage lender in Chicago, Chicagoland, or elsewhere across the U.S., please contact me. I'll put my 35 years of mortgage expertise and experience to work on your behalf ... prior, during, and after your mortgage process.
I can be contacted for information and mortgage service at any of the following:
Chuck Carstensen is a Realtor with The Discovery Team (RE/MAX Results.) in Elk River, MN. Helping buyers, sellers and investors in great Minnesota counties like Sherburne, Isanti, Wright, Anoka, Chisago, Hennipen and Mille Lacs. He is a Certified Distressed Property Expert (CDPE).
I help buyers, sellers and investors with their real estate needs. In this blog I post my listings and give real estate, social media and personal development tips.
I enjoy giving people tips, suggestions and hints that can improve their business and life.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.