Before you start shopping for your property, it is a good idea to make some preparations. Get all your financial documents ready and the KM Good life team can help you with all the important financial documents you will need. Bank accounts
- Credit cards
- Auto loans
- Recent pay stubs
- Tax returns for two years
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information.
Check Your Credit Rating.
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian, and Trans Union. We will be happy to at KM Good Life with our experienced, knowledgeable team and leading professional lenders in the residential, construction, and commercial, insurance and investment and real estate fields.
Be Careful With Your Finances.
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability. In other words, do not apply for loan and change jobs or retire.
Do not buy any large purchases or move monies to new or “unseasoned” (less than 2 months) accounts.