ASAP
ASAP
Your Pace!
As soon as you identify the perfect property
Within 3 days from acceptance.
Within 7 days from acceptance.
10 days from accepted offer 5% of purchase price due at signing.
Within 3 days from signed P&S.
3 to 5 days.
4 weeks from signed P&S.
Utilities, etc. 1-2 weeks before closing.
The day before closing.
Usually 6-8 weeks from accepted offer.
Failure to do so could cause significant delays getting to the closing table.
Even if your bank statement has no data, printouts from the bank must be stamped/signed by them.
Additional gift donor conditions may apply and they must be able to provide asset documentation. Gifts from friends are not accepted.
Avoiding moving money around to multiple accounts and closing or opening bank accounts during the loan process will reduce additional asset documentation requests.
Cash deposits and cash gifts are not acceptable.
A complete transaction history on bank statements must be provided.
Borrowing funds not secured by an asset you own is not acceptable for closing (i.e. taking a cash advance from credit card, unsecured loans).
A pre-approval provides a clear picture of what a home buyer can afford and acts as a starting point to begin narrowing down affordable home buying options. The pre-approval process involves a thorough examination of a potential buyer’s financial situation to determine their price range and best mortgage loan products. A borrower’s credit score, debt-to-income (DTI) ratio, and employment history are among the many facets verified by your lender in this stage.
Leveraging his diverse skill set, Alex has continually tapped into his consultative sales and service background to help homebuyers put down roots in communities like Cambridge, Somerville, Medford, and other suburbs north of Boston. Book a free consultation with Alex, and let's make your real estate dream come true.