I posted this for a lot of my clients in Tracy. This applies to every buyer everywhere.
Bottom line - do not buy anything large, financed, until you check with your lender.
You'd hate to not be able to purchase a house because you bought a car.
quick email to first time home buyers -- Frequently asked question. Can I do any of these 4 things.... keep readingTracy CA Buyers Beware!Don't do ANY of these 4 things before buying new home.1) Don't pay off bills. You loan officer may need you to pay off some bills in order to qualify for your loan. However, you may NOT need to pay these off, and may need the cash instead. ASK FIRST2) Don't change jobs. Changing your job in the middle of the loan process can create major problems for your loan officer. If a job change is necessary make sure to talk to you lender and explain when the change will take place, where you are going, who to contact, etc. Sometimes changing in the same field is not nearly as severe as changing to a completely different line of work. ASK FIRST - COMMUNICATE3) Don't move your money. I know it seems like moving money from one account to another might be a good thing. Resist temptation, don't do it until your loan has funded. If you need to move money talk to you lender. ASK FIRST -4) Don't make major purchases. This is especially crucial if you are financing something big. You just can't go buy a new car, or the washer, dryer, and refrigerator even if is 12 months no interest same as cash UNTIL AFTER you have the keys to your new home. If you have the keys, your loan has closed.... at that point you can go buy whatever you want. Just remember you'll have a mortgage to pay in 30 days. ASK FIRST - BUY LATERAs you can see ASK FIRST is mentioned in all 4 CAUTIONS. WHY? Because it is vitally important to communicate not only with your REALTOR but also your LOAN OFFICER. This is your team of professionals that has experience navigating the home buying waters. Communicate good and bad, always let your team KNOW what is going on.This is one of the largest and most exciting purchases EVER, be confident in your decisions, rely on your team and you'll be getting keys to your new time in no time.Maureen Torretto and Amy Costa from iMortgage stopped by the Crown Key Realty office today to give us these tips.
About the Author...This article was provided by Susan Goulding, a Nationally recognized Realtor and Certified Short Sale & REO Specialist. Susan can be reached via e-mail at Susan@SusanGoulding.com by cell phone or text message at 209-914-5573. Susan has helped hundreds of people buy and sell their home. For Northern California real estate and homes see www.SusanGoulding.com. If you need to Short Sale your Tracy or Mountain House, Northern California home please contact me for more information or visit www.ShortSaleMyTracyHome.com
Specializing in the following Northern California Communities: Tracy, Mountain House, Livermore, Brentwood, Oakley, Pleasanton, Danville, Patterson, Lathrop, Manteca and Ripon. Keller Williams|Tracy|Mountain HouseTracy, CA |Homes for Sale Tracy CA |Short Sale Tracy CA |Foreclosure Tracy CA |Tracy Real Estate | Mountain House Real Estate | NorCal Real Estate