More Laguna Niguel Real Estate Buyers' Tips

When you’re thinking about buying a home, one of the first steps you should take, besides finding an experienced Orange County realtor, is finding a trusted mortgage lender who can help you understand how much home you can afford. In addition, your mortgage lender will help you understand how changes in your life can affect your loan amount.

For instance, if you qualify for a loan and then make a big purchase such as a car or boat, you may no longer be eligible to borrow for your full loan amount. Changing jobs can also affect your mortgage approval. Most lenders want to see stability from borrowers and changing jobs can impact your approval. For most people, it will not be a problem, especially if their new position provides a higher income, but its best to check with a mortgage specialist before you make any employment changes.

You can find out more about the dos and don’ts of qualifying for a mortgage by checking out the Buyer’s Tips page on my Laguna Niguel real estate Web site. If you have questions about any of the tips, tricks or articles, feel free to give me a buzz at 949-939-0300.