When trying to get a home loan, there are many things you need to avoid in order to ensure things go smoothly. Knowing what to expect and how to handle yourself is crucial. Your finances are under a lot of scrutiny when applying for a loan to buy a home, so be sure to avoid these 10 things: 1. Change jobs 2. Charge credit cards 3. Fall behind on payments 4. Spend any money you've set aside for the buying process 5. Omit any information or debts on initial application 6. Purchase furniture or other expensive items 7. Originate any inquiries into your credit 8. Make large deposits into your bank account 9. Change banks 10. Cosign any loans
You're going to get checked a few days before closing and underwriters are going to keep a close eye on your finances throughout the process. If you do any of these things, they will notice, and it could affect your ability to close.
If you have any questions about how you can be sure the buying process goes smoothly, give us a call or shoot us a quick email. We would love to hear from you!
First off, I wanted to just thank you all for the great response last month regarding my location video for Northeast Minneapolis. I got a lot of requests to do some more of these videos for other communities in the area, so I thought I’d continue that trend. Today we are visiting Saint Anthony Village, a normal community sandwiched between Roseville and New Brighton in Northeast Minneapolis.
They have three schools in this area: Wilshire Park Elementary, St. Anthony Middle School, and St. Anthony High School. These schools have been recognized among the top 500 nationally and top 10 in the state. We have friends and family who have sent their kids to this district and are very happy about it.
Originally, St. Anthony Village was much larger, but a lot of the area was taken up by the Apache Plaza in 1961, until it was torn down in 2004. Since then, they have redeveloped the land into Silver Lake Village, a really nice area with high walkability.
St. Anthony Village is partly located in two different counties, and the city has approximately 8,500 residents. I have buyers right now that I can’t find homes for in St. Anthony, as it is such a highly sought after community.
A few more things I’d like to note about St. Anthony Village. They were not as affected by the 2008 market downturn as some other areas, which kept home prices more stable. They also hold a village festival every year, with a big parade and live music. We always have a great time there.
If you want to learn more about St. Anthony Village or take a look for yourself, give us a call or send us an email. We look forward to hearing from you!
