Thou shalt not change jobs, become self-employed or quit your job. Thou shalt not buy a car, truck or van (or you may be living in it)! Thou shalt not use charge cards excessively or let your accounts fall behind. Thou shalt not spend money you have set aside for closing. Thou shalt not omit… [Read More]
Handy Loan Application Check List
General: Picture ID with Social Security Number Payment to cover application fee. Name and complete address of all landlords (past 2 years). Income: Employment history, including names, addresses, phone numbers, and length of time with that company (past 2 years). Copies of your most recent pay stubs and W-2 form (past 2 years)…. [Read More]
What’s an ILC?
Mortgage and title insurance companies require an “I.L.C,” or an Improvement Location Certificate, to be sure there are no boundary or encroachment problems associated with the property, before they provide a loan or insurance. If a Seller has built an addition, popped the top, built a new garage, etc., since they purchased the home, an… [Read More]