Tag Archives: #HomeBuyingProcess

Why & How to Keep Your Household Financial Records

Whether your applying to purchase a home or thinking about selling, there are many different reasons why having up to date household financial records can help save you time and money.

Check your current financial records income taxes, W2s, bank, investment and retirement statements, also insurance such life health and disability and see what is missing or out of date. Contact the record keeper and request new copies. Keeping accurate records will help you make important financial decisions.

How Long Should You Keep Records?

  • 7 Years – Taxes/Credit Card Statements and Property Records
  • ALL IRA contribution records
  • 1 Year – Utility bills
  • Indefinitely – Property records

Safely Dispose of Records

Make sure you dispose of your records properly.

  • Digital – overwrite data or physically destroy storage medium
  • Paper – Shred or incinerate

Record Organization Categories:

Keeping your records organized is just as important as accurate. Here are some great categories to organize your records.

  • Health Records – Health insurance policies, bills, prescriptions, life insurance
  • Financial Records – Bank statements, taxes and loans
  • Home/Property Records – Mortgages, Deeds and property tax information

Knowing what records to keep and the proper way to store them can really make a difference when it comes to making important life decisions.

Kathleen Beck – Mortgage Lender
2716 Broadway
Sacramento, CA 95818
916-722-0395

#Mortgage #MortgageLoanProcess #Records #HouseholdRecords #FinancialRecords #Buying #HomeBuyer #HomeBuyingProcess #Refinance #ConventionalLoan #FHALoan #VALoan #JumboLoan #PreQualifications #PreApproval #Borrower #HomeOwnership #Sacramento #BayArea #HomeFinancing #TrustedLender

Tagged , , , , , , , , , , , , , , , , , , , ,

Buying A Home is Easier Than You Think

The most common misconception about buying a home is that it has to be a complicated process. Obviously factors can play into the simplicity of making a home purchase but if you do your homework, you should walk out of the experience feeling empowered by the simplicity of it.
Step 1 – How Much You Can Afford?
The first thing most buyers do that sets them on the wrong path, is looking for the home, going to open house or searching the web, before finding out what they are financially qualified to buy. Now, maybe you are a “cash” buyer, meaning you are making the purchase with cash you already have on hand, but the average home buyer utilizes home financing to make the purchase so the first step should always be research and consult a trusted mortgage lender. I love Yelp and feel it is a great tool to do background on lenders. Find a great lender that has your best interest at heart and is familiar with all the different loan programs. That lender will work with your financial options to find the best loan program for you. Your lender should work directly with you, meaning you aren’t just talking to their assistant or the loan processor.
Step 2 – Find the Realtor, Find the House
Do the same homework to find the best realtor. A great realtor will know what is on the market in your price range, as well as be in the loop to what is approaching the market and should work with your lender directly to communicate all the interest you have in each property. It is very important that you understand how different elements, such as Home Owners Association Fee’s or flood or other insurance fees pertaining to each individual property can play a role in your monthly mortgage payment.
It is very important that you work with a trusted lender who always have your best interest in mind. By “best interest” that means what you as a buyer will be most comfortable living with, while you transition into home ownership. Sometimes “best interest” gets twisted into maximum you can afford. Buying a home that stretches your budget beyond what allows you to live a good life is a recipe for disaster. The home buying process should be a simple process. Work with people you trust. Communicate when you are not feeling comfortable or do not understand. Your lender and your realtor should have no problem sitting down with you and explaining and outlining how each step of the home buying process works.
If you are interested in learning how to become a homeowner and want to see what you qualify to purchase let me know. Check my Yelp or follow me on Facebook to learn more about my process.
Kathleen Beck – Mortgage Lender
2716 Broadway
Sacramento, CA 95818
916-722-0395 

#Mortgage #MortgageLoanProcess #Buying #HomeBuyer #HomeBuyingProcess #Refinance #ConventionalLoan #FHALoan #VALoan #JumboLoan #PreQualifications #PreApproval #Borrower #HomeOwnership #Sacramento #BayArea #HomeFinancing #TrustedLender

Tagged , , , , , , , , , , , , , , , , ,
%d bloggers like this: