Home Buying

Tips for a Smooth Loan Approval

Tips For a Smooth Loan Approval

  • * Do continue making your mortgage or rent payments
  • * Do stay current on all existing accounts
  • * Do keep Working at your current employer
  • * DO continue to use your credit as normal
  • * DO call us if you have any questions
  • * DO NOT make a major purchase ( car, boat,fur, jewelry, etc)
  • * DO NOT apply for new credit ( even if you seem pre-approved)
  • * DO NOT transfer any balances from one accont to another
  • * DO NOT pay off charge offs or collections without a discussion with us first
  • * DO NOT buy any furniture
  • * DO NOT change bank accounts
  • * DO NOT max out or over charge on your credit card accounts
  • * DO NOT Start any home improvement projects
  • * DO NOT Finance any elective medical procedure
  • * DO NOT open a new cell phone account
  • * DO NOT open, close, combine or payoff any loans or credit cards without discussing it with us

If you encounter special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.

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Single Women Are Now Home Buyers

Single Women Are Now Home Buyers

The percentage of women over the last decade in the work force has risen roughly 11 percent and women going into 2014 are projected to account for 47 percent of the total labor force according to the United Stated Department of Labor. Demographic changes are helping to fuel the trend. 
 
More women than ever are the primary earners in their households, according to a recent Pew Research Center study. In a record 40 percent of American households with children— nearly four times the level in 1960 — women are the breadwinners. And about two-thirds of these breadwinners are single.  According to the National Association of Realtors, single women accounted for 16 percent of home buyers last year, lower than their long-term average of 20 percent. Yet they were still well ahead of single men, who accounted for only 9 percent.

Single women with no children are on track to out earn their male counterparts in many metro areas. This could allow greater numbers of women in this demographic to make major purchases, such as new property.  Solo females began to outpace lone males in purchasing homes in the early 1990s. By 1999, single women represented about one in five total sales, buying homes at twice the level of single men, a proportion that has held roughly steady since, according to National Association of Realtors data. 

Women often handle credit more responsibly than men, on average, according to Experian, which reports that men have a 7 percent higher incidence of late mortgage payments and 4.3 percent more debt than women.
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