Actions you can take to keep your loan on track!

Getting pre-approved is a very important step toward becoming a new homeowner but here are a few actions you can take to help keep your home purchase on track.

Pay all of your bills on time.
Use a personal check to pay earnest money. If your purchase agreement includes earnest money, use a personal check from your own checking account to pay it, and maintain copies of the check.
Do not change jobs. Your employment will be verified twice while your loan is in processing. Any job transfers or changes in your employment that we don’t know about will raise questions in underwriting. Even if you’re offered a higher paid position in your established job field, please talk to us before officially making the switch.
Avoid opening new credit accounts. Don’t buy a bunch of furniture before your loan closes. Or a car. Or a boat. Or anything else that could hurt your credit score or affect yoru finances. Big changes to your credit or debt can turn your loan approval upside down. And even if they don’t, they’ll trigger additional documentation and possibly delay your closing.
Don’t close or overuse your existing credit accounts. Big purchases could increase your monthly minimum payments and affect your loan approval. Closing an account with an excellent payment history could actually cause a temporary dip in your credit scores.
Keep your bank accounts in good standing. Maintain your reserves, keep your balances positive and avoid transfers and large non-payroll deposits. If you plan on receiving a monetary gift from a family member, contact us to find out what documents you’ll need to provide.
Don’t pack important documents like pay stubs, bank statements, and any other documents that might be needed to update your loan file. Your file will be reviewed throughout underwriting to ensure it continues to meet the terms of your approval. Don’t be alarmed if we request additional documentation at several points along the way.
File your taxes. If you earn taxable income but haven’t filed taxes in the past two years, let us know immediately, even if you received an extension. We are required to receive tax transcripts directly from the IRS in order to close on your home loan.

Self Directed IRA Retirement accounts & 1031 Exchanges

Mid Columbia Realtors is offering a 1031 Exchange & Self Directed IRA Class
September 16, 2015 at  Columbia Gorge Discovery Center

David Moore Equity Advantage, Incorporated
Morning Class: 8:30 to 11:30 -1031 Exchanges

Learn about tax basis, gain and the basics of the 1031 Exchange. The course is application based, in other words you will not be bogged down with legal ease, you will learn why and how to use this valuable tool.
Afternoon Class: 12:30 to 3:00
SELF-DIRECTED RETIRMENT ACCOUNTS – IRA’S & 401k’S PERTAINING TO REAL ESTATE TRANSACTIONS

Learn how to use your retirement account to make REAL investments like Real Estate, Notes, Loans and Precious Metal. Whether you have a 401k or an IRA you have the ability to truly Self-direct your retirement into virtually any investment you choose to make. Take control of your retirement today.

Class size limited to 50 RSVP Today to make sure you get a spot!!

Hello world!

Sisters By Chance
Partners By Choice

Becky Schertenleib – P.B/Owner, GRI, SRES, CRS, EPO
Nanette Wimmers – P.B/Owner, CRB, CRS, EPO

Jorge Barragan – Licensed Assistant

235 E. 3rd St.
The Dalles, OR 97058
Office Phone: 541.296.5500

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