Step 1.Improve your CREDIT SCORE

WHAT IS A GOOD CREDIT SCORE

300

620Most are not

eligible for a mortgage

Best Rate740

850

Step 2.Decide on a BUDGET

Look for homes that cost no more than THREE TO FIVE TIMES YOUR ANNUAL HOUSEHOLD INCOME if you plan to make a 20% down payment and have a moderate amount of other debt.

Step 3.Get a PRE-APPROVAL

Get a preapproval letter, which is a TENTATIVE COMMITMENT from a lender, To get one, you'll have to show the lender documentation of your INCOME, ASSETS AND DEBTS.

Step 4.Organize your PAPERS

Get ready to show your pay stubs, tax returns and bank statements so that you can PROVE YOU ARE THE BORROWER you claim you are.

Step 5.Decide on a LOAN TYPE

FIXED - Rate will never riseADJUSTABLE - Lower rates

Step 6.Shop for a HOME & Make an offer!

Take as much time as you need to find the right home. Then work with your real estate agent to NEGOTIATE A FAIR OFFER based on comparable homes in the same neighborhood.

Step 7.Do not make

last-minute MISTAKE

The lender will recheck your employment status and credit profile just before the closing.

DON'T:•Quit your job•Take out a car loan•Apply for a credit card

Step 8.

Close the SALE

To finish the close you will SIGN ALL OF THE LOAN DOCUMENTS required to complete the purchase. It typically takes a couple of days for your loan to be funded after the paperwork is finished.

And most important of all...

Step 9.

Choose a great LENDER

The most important step you can take is to find right lender. It is their job to GUIDE YOU SMOOTHLY through to loan approval. They should be knowledgeable, experienced, responsive, and willing to take the time to answer questions.

WHO?

IndianPropertyDekho.com WHY?

You need to be working with a experienced consultant who knows the right questions at the BEGINNING of the application process. We realize that YOUR TIME IS VALUABLE, so we don't waste it. Working with intelligent, thorough professionals is what our customers love the most about us and keep them coming back again and again for their lending needs.

Call on +91-9891521131, +91-9891121131 for any

assistance!!!!

We are HAPPY to Connect BUYERS, SELLERS and

those Interested to RENTwww.IndianPropertyDekho.com