Always present a Written Case to your Bank
It’s a given that getting support from banks to purchase a home is more difficult now than it was two years ago. If we are being fair, this is probably a good thing.
However, when we have found the home of our dreams, a challenging Mortgage Manager can take the gloss off the occasion! So what to do? Well, our strong advice is that you prepare a written summary of what you are trying to accomplish.
In fact, we are seeing increasing numbers of people presenting strong, succinct papers to their banks and in almost all cases, gaining strong support. Talk about household income and the roles the earners hold at work and be sure to outline all other debts like monthly car and appliance payments, etc. Cover such areas as, details on any previous homes you’ve owned, the equity you are bringing to the proposed purchase, a brief summary of why you are looking to shift, the area selected and then details on the home, including price.
It’s always good to propose what you see as being able to be done to the proposed home to increase its value and even conjecture on how long you plan to be there.
Filed under: REAL ESTATE | Tagged: Real Estate