Are you a first time home buyer and looking for a home mortgage? Consider these following tips that allow your home buying experience smooth.

1. TIPS FOR FIRST TIME
HOME BUYERS:
MORTGAGE PROCESS
Presented By:- Haylen Group

2. Pay Debts on Time
Be sure to use your credit cards
responsibly and make all
payments on time. You want your
credit score to be
maximized. Late payments
reduce the score significantly even
if the amount due is small. A high
credit score will result is the best
possible mortgage factors such as
lower interest rate.

3. Be Honest on Your Loan
Application:
It may seem that it would be helpful to
leave out a detail about your debt on your
loan application but you should realize
that every aspect of your application will
be checked. Discrepancies will be
identified and could jeopardize your
loan. Being honest from the beginning
will make success more likely.

4. Don’t Switch Jobs
Switching jobs while you are trying to
purchase a home is not
recommended. You will need to show
30 days worth of paystubs and your
lender will verify your employment right
before closing. If possible wait to
switch jobs or become self-employed
until after you have obtained your
mortgage.

5. Avoid Additional Loans
Now is not the time to buy a vehicle or co-sign
another loan. These will result in inquires to your
credit status which may decrease your credit
score. In addition you will be adding to your
financial obligations which may mean you will qualify
to borrow a lower mortgage amount.

6. Save Money for Closing
Make sure you have enough money for closing costs and down
payment. As excited as you may be to buy new furniture or appliances,
wait until after you have signed the mortgage papers. You want to
ensure you have sufficient funds for closing and down payment and
don’t want to add to your credit card debt which may negatively impact
your loan application.

7. Contact Us
Haylen Group
1999 S. Bascom Ave Suite 700,
Campbell, CA 95008
Phone number (888) 406-5788
www.haylengroup.com
Resource:- http://goo.gl/ZMnbF7