You need Real Estate & mortgage professional you can trust. You need a company that values honesty and integrity throughout the entire organization. You need top planning specialists who give you their best consistently. You need to find strength, stability and opportunity—especially now. You need New Century Realty & Lending!

When dealing with your real estate home financing, we are not only working with one of your largest personal financial investments; we also are handling one of your biggest dreams. Since we work with matters so close to the heart, we serve you from ours.

New Century Realty & Lending can meet you where you are and help you where you are going. Let us provide you a professional service without obstacles.

Preparation

Where do you begin to secure finances for purchasing a new home or refinancing an existing home. Obtaining a real estate loan can be confusing. You can simplify the process and avoid a lot of potential headaches by getting off to a good start. Here are a couple of ways to do so:

Build your 'Green File'
Organizing and compiling all your pertinent financial documents into a 'green file' (think 'green' for money) is an absolute must for any potential borrower. Your green file is a resume or profile that will give lenders an idea of what kind of debtor you might be. The typical green file should contain all items below.

• DOCUMENT CHECKLIST
• LOAN APPLICATION
• BORROWERS AUTHORIZATION
• CREDIT CARD AUTHORIZATION

Consider your Credit Rating
Another means by which lenders gauge your trustworthiness as a borrower is through your credit rating. Credit ratings tracks your credit history, which includes such crucial information as the number of open loans you have and the punctuality of your payments.

Treat your Credit like Gold
Credit ratings are important because they are a important factor amung other financial qualifications that determine whether or not you will be approved for a loan and what your interest rate wll be. Thus, you cannot take your credit rating seriously enough! We suggest checking your credit reports at least once a year or before making any major purchase to ensure the accuracy of the information.

Prioritize your Costs and Savings
Buying real estate wisely is all about credit and interest terms.

Prioritize your Costs
Down payments, closing costs and additional expenses (such as surveys and inspections) should be at the top of your list. On the other hand, be sure to pay down on your current revolving and high-interest rate debts, such as credit cards, because this will influence your credit rating and interest rate.

Remember...Lenders like Stability
Instill confidence in your potential lender by avoiding any big, sudden moves both in your career and your finances. If that job change or big budget purchase absolutely cannot be postponed, check with your lender first and consider the consequences.