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Buyer Advice: Apply Today If You Want To Buy & Are In A Rental Lease
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Here is the situation you want to avoid as a buyer.
Buyer wants to buy a home and their rental lease is up in 10 months. They wait until about the 8 month mark to start the pre-approval process. Surprise! Two collections showed up that they were not aware of. Their credit score is not high enough and there is not enough time to fix it before their lease is up. They get freaked out and have to sign another long term lease. Happens all the time.
Here is my suggestion. Apply now. I don’t care if you just signed a 12 month lease. Get the application done and let us coach you on any problems you may have.
If you do have issues then you have more time to fix those problems well before you lease is up.
We also see where you qualify right now and can find a way out of you lease. Lots of good can come out of applying for the mortgage sooner rather than later.
Check out this video to learn more.
Feel free to share this or any other videos we have with anyone you know who is renting, and looking to own a home! P.S. We can fully underwrite your loan file while you look for a home or even before you start looking. We also call the Listing Agent to help the offer get accepted. It works!
Call my office at 239-437-4278 if we can help. I have a full team of Loan Officers that are standing by ready to help. Have a rate day!
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