Right around the end of July and beginning of August, you will receive your property tax statement in the mail. Your property tax statement will come from the county or city assessor’s.
The Ten Commandments For Buying A Home
A couple of years ago I helped a young couple get into their first home. They had a new baby and were so excited to finally have a place of their own! They had also worked very hard to repair their credit for well over a year to make their dream of home ownership come true! We found the perfect home for them and their offer was accepted. Everything was looking great! This young couple was very anxious to get into their new home and wanted everything to be perfect. They decided to take a trip to RC Willey to buy some furniture (even though they were advised not to do this before closing) and got carried away with their purchases on their RC Willey credit account. Once the underwriter for the loan found out about their big purchase it almost killed their loan (they nearly lost the home and their earnest money.) Luckily the loan officer was able to get the loan approved at the last minute, and the young couple was able to close and move into their home....Whew! This situation is a good reminder that if you are working on buying a home, be sure you follow these important 10 commandments to avoid problems.
The Ten Commandments of Buying a Home
I. Thou shalt not change jobs, become self-employed or quit your job.
II. Thou shalt not buy a car, truck or van (or you may be living in it!).
III. Thou shalt not use credit cards excessively or let current accounts fall behind.
IV. Thou shalt not spend money you have set aside for closing.
V. Thou shalt not omit debts or liabilities from your loan application.
VI. Thou shalt not buy furniture on credit.
VII. Thou shalt not originate any inquiries into your credit.
VIII. Thou shalt not make large deposits without checking with your loan officer.
IX. Thou shalt not change bank accounts.
X. Thou shalt not co-sign a loan for anyone.