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5 Things Buyers Should Avoid When Purchasing A Home! John Easterbrook & Patty Aguon (916) 224-7653 & (916) 833-5063 Mortgage Loan Originators Licensed – NMLS #226555 & 994635

5 Things to Avoid When Purchasing

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We all know these things, but they keep recurring in transactions. This presentation is one that we might share with our borrowers so that they might have a better buying experience. • Do Not Change Jobs - Changing jobs before or during the loan process can create a real problem in qualifying your buyers for a home loan, particularly if that job is in a different line of work or at a lower rate of pay. Due to verification requirements during the loan process, it can also create major time delays. • Do Not Switch Banks or Move Their Money Around - It is best for your buyers to leave their money right where it is until their loan closes. Moving their money to a new bank, or even into a new account, can wreak havoc with the verification process. Buyers should keep copies of all checks deposited into their account if they are larger than your normal paycheck. Examples would include, but not be limited to, bonuses from their employer, gifts from relatives, or monies received from the sale of assets. • Do Not Pay Off Bills - As your mortgage loan originator, I will advise your buyers if it is necessary to pay off a bill to help them qualify for a home loan. I will also show them the best way to pay off debts, to make sure we have the correct evidence of payment. • Do Not Make Any Major Purchases - Many borrowers make the mistake of buying a new car, some furniture, or other major purchases without realizing the impact it can have on their ability to buy a home. A large monthly payment added during the loan process can affect the amount of home they can qualify for and can actually make it extremely difficult to get their loan approved. • Do Not Leave Town – Buyers leaving town during the loan process can greatly delay your buyers from obtaining their home loan. We will periodically need to obtain signatures and/or documentation from your buyers during the transaction, and each delay in receiving the needed items can cost them valuable time and money in closing their home loan. We'd love to present for you at your office. Just call us at (916) 224-7653 or (916) 833-5063.

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Page 1: 5 Things to Avoid When Purchasing

5 Things Buyers Should Avoid When Purchasing

A Home!

John Easterbrook & Patty Aguon

(916) 224-7653 & (916) 833-5063Mortgage Loan Originators

Licensed – NMLS #226555 & 994635

Page 2: 5 Things to Avoid When Purchasing

5 Things Buyers Should Avoid

Do Not Change Jobs

Do Not Switch Banks or Move Their Money Around

Do Not Pay Off Bills

Do Not Make Any Major Purchases

Do Not Leave Town

Information in presentation intended for real estate professionals only.

Page 3: 5 Things to Avoid When Purchasing

We’re happy to answer any questions. . .

Call John or Patty at(916) 224-7653 or (916) 833-5063

Information in presentation intended for real estate professionals

only. VITEK Mortgage Group is licensed by the Department of

Corporations under the California Residential Mortgage Lending Act.

NMLS # 37408