Artwork

Conteúdo fornecido por Eric Mortimer. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Eric Mortimer ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.
Player FM - Aplicativo de podcast
Fique off-line com o app Player FM !

Buyers: In This Fast Market, Slow Down & Think

 
Compartilhar
 

Série arquivada ("Feed inativo " status)

When? This feed was archived on July 02, 2023 02:30 (9M ago). Last successful fetch was on January 30, 2023 18:31 (1y ago)

Why? Feed inativo status. Nossos servidores foram incapazes de recuperar um feed de podcast válido por um período razoável.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 286022004 series 2380873
Conteúdo fornecido por Eric Mortimer. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Eric Mortimer ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.
Here are 10 mistakes not to make that will trip up your home-buying plans. The market’s starting to heat up already here in 2021, and we’re seeing more action in the Calgary region than we’ve seen since 2014. Unfortunately, people are getting a little overeager and making some silly mistakes. Here are 10 you should avoid at all costs: 1. Don’t take advice from just anyone. Your Uber driver or go-to hairdresser are perfectly nice people, but their opinion on real estate isn’t necessarily correct. Make sure you’re working with a team of advisors who can boast a proven track record of success and point to lots of five-star reviews from raving fans. 2. Don’t change jobs or quit. I’ve had two different clients do this while buying a home, and it slowed down the process. Also, don’t switch your pay structure to contractor or self-employed status, as it can have the same effect. 3. Don’t make large purchases or seek other types of financing (e.g. car loans). If you’re planning to buy a washer, refrigerator, or a car to go along with your new house, know that it’s better to wait until after closing to do so. You don’t want to mess up your credit and debt-to-income ratio. 4. Don’t reduce your work hours or take unpaid time off. Since that will impact your income, it can cause a big problem for a lender during the financial review process. 5. Don’t use mattress money—i.e. a bundle of cash. Unfortunately, you can’t do this. The lender has to be able to source the funds to finish the loan. If you do have a bunch of cash lying around and want to use it for your home, deposit it and make sure it’s in your bank account for at least 90 days before starting the financial review process. “Your Uber driver or go-to hairdresser are perfectly nice people, but their opinion on real estate isn’t necessarily correct.” 6. Don’t run your credit multiple times. You can run your credit multiple times while you’re shopping for a rate, but you want to do it within a 15- or 30-day period. Each of the three credit bureaus has different periods, and you should talk to your licensed lender first before making any assumptions about your time frame. 7. Don’t overuse credit cards. When you’re under contract, this can affect your credit score and debt-to-income ratio greatly. Keep your credit card limits where they usually are. 8. Don’t cosign on a loan. Whether it’s a home or car loan, don’t cosign while you’re in the process of buying a home. It’s another thing you’ll want to wait to do until after closing. 9. Don’t go on vacation during closing. You have to physically be at the closing table to sign some documents. Any delay in closing could jeopardize your whole transaction. 10. Don’t wing it. When using RRSPS for your down payment, there is a proper order to the process as well as rules that must be followed. If you have even a shadow of a doubt about something, you need to ask a qualified professional for more information. If you have questions about these tips or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
  continue reading

52 episódios

Artwork
iconCompartilhar
 

Série arquivada ("Feed inativo " status)

When? This feed was archived on July 02, 2023 02:30 (9M ago). Last successful fetch was on January 30, 2023 18:31 (1y ago)

Why? Feed inativo status. Nossos servidores foram incapazes de recuperar um feed de podcast válido por um período razoável.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 286022004 series 2380873
Conteúdo fornecido por Eric Mortimer. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Eric Mortimer ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.
Here are 10 mistakes not to make that will trip up your home-buying plans. The market’s starting to heat up already here in 2021, and we’re seeing more action in the Calgary region than we’ve seen since 2014. Unfortunately, people are getting a little overeager and making some silly mistakes. Here are 10 you should avoid at all costs: 1. Don’t take advice from just anyone. Your Uber driver or go-to hairdresser are perfectly nice people, but their opinion on real estate isn’t necessarily correct. Make sure you’re working with a team of advisors who can boast a proven track record of success and point to lots of five-star reviews from raving fans. 2. Don’t change jobs or quit. I’ve had two different clients do this while buying a home, and it slowed down the process. Also, don’t switch your pay structure to contractor or self-employed status, as it can have the same effect. 3. Don’t make large purchases or seek other types of financing (e.g. car loans). If you’re planning to buy a washer, refrigerator, or a car to go along with your new house, know that it’s better to wait until after closing to do so. You don’t want to mess up your credit and debt-to-income ratio. 4. Don’t reduce your work hours or take unpaid time off. Since that will impact your income, it can cause a big problem for a lender during the financial review process. 5. Don’t use mattress money—i.e. a bundle of cash. Unfortunately, you can’t do this. The lender has to be able to source the funds to finish the loan. If you do have a bunch of cash lying around and want to use it for your home, deposit it and make sure it’s in your bank account for at least 90 days before starting the financial review process. “Your Uber driver or go-to hairdresser are perfectly nice people, but their opinion on real estate isn’t necessarily correct.” 6. Don’t run your credit multiple times. You can run your credit multiple times while you’re shopping for a rate, but you want to do it within a 15- or 30-day period. Each of the three credit bureaus has different periods, and you should talk to your licensed lender first before making any assumptions about your time frame. 7. Don’t overuse credit cards. When you’re under contract, this can affect your credit score and debt-to-income ratio greatly. Keep your credit card limits where they usually are. 8. Don’t cosign on a loan. Whether it’s a home or car loan, don’t cosign while you’re in the process of buying a home. It’s another thing you’ll want to wait to do until after closing. 9. Don’t go on vacation during closing. You have to physically be at the closing table to sign some documents. Any delay in closing could jeopardize your whole transaction. 10. Don’t wing it. When using RRSPS for your down payment, there is a proper order to the process as well as rules that must be followed. If you have even a shadow of a doubt about something, you need to ask a qualified professional for more information. If you have questions about these tips or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
  continue reading

52 episódios

Todos os episódios

×
 
Loading …

Bem vindo ao Player FM!

O Player FM procura na web por podcasts de alta qualidade para você curtir agora mesmo. É o melhor app de podcast e funciona no Android, iPhone e web. Inscreva-se para sincronizar as assinaturas entre os dispositivos.

 

Guia rápido de referências