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Preparing To Buy

Getting Ready to Purchase Your Property

Before you begin your property search, a few preparations can set you up for a successful purchase.

Organize Your Financial Documents

Creating a “green file” with essential financial documents will streamline your financing process. Your file should include:

  • Financial statements
  • Bank account details
  • Investment portfolios
  • Credit card information
  • Loan statements
  • Recent pay stubs
  • Tax returns from the last two years
  • Copies of leases (if applicable)
  • Retirement statements, insurance policies, and investment account summaries

Review Your Credit Score

Your credit score significantly affects the type of property you qualify for and the rates available. Checking your credit with a reputable lender can give you a clear picture of what you can afford. Lenders will analyze your credit from Equifax, Experian, and TransUnion. We can recommend trusted lenders for residential, commercial, and investment properties.

Maintain Financial Stability

During this time, avoid any major life changes or large purchases that could impact your financial standing. It’s best not to change jobs, retire, or make big transactions like moving funds to new accounts until after your property purchase. Stability is key to securing the best financing options for your new investment.

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