A Green File should contain all of your important financial documents. Regardless of the loan type, lenders will need information about you. Make copies of financial statements; bank accounts, investments, credit cards, auto loans, recent pay stubs and two years’ tax returns.
Credit scores range between 400 and 800. 620 + is considered “good”. 680 + is considered “premium” and may possibly help get you a lower interest rate.
Below you will find the contact information for the 3 major credit reporting agencies to help you determine your credit rating. Ask your lender how to improve your credit score if you need to. Going forward, treat your credit like gold.
Equifax | http://www.equifax.com | (800) 685-1111 |
Experian | http://www.experian.com | (800) 392-1122 |
Trans Union | http://www.transunion.com | (800) 888-4213 |
If you are buying real estate, try to accumulate funds towards your down payment, closing costs (appraisal, miscellaneous fees, escrow, title insurance, etc.) and expenses such as inspections. Furthermore, try to pay down existing revolving and high interest rate debt like credit cards.
Now is not a good time to change careers, move your money around, or buy big ticket items. Lenders like stability. So if you are considering any major changes, it pays to meet with a lender and ask them how to proceed before you make any changes! If you are tempted to buy a big ticket item, consider the following:
A $500 a month debt payment (like a credit card or auto loan) could lower the amount of home you can afford by about $83,000! * |
* Based on a 30 year mortgage at 6% interest.
+5999 5123803 Jacqueline Remmelts
+5999 6604853 Militza Scoop
+5999 5252848 Corine Haas
+5999 5107077 Fred Wight (telephone only)
+316 9340458 Fred Wight (Whatsapp & whatsapp call only)
+31 610184018 Fleur Rutten (telephone only)
+59995117363 Fleur Rutten (Whatsapp & whatsapp call only)
By Email: info@internationalfineliving.com
We speak:
English, Dutch, French, Spanish, Papiamento & German