Financing Options

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Financing Options

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Shop For a Loan

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Know The Numbers

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Get Pre-Approved

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Applications & Processing

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Funding

Start A Green File

A Green File should contain all of your important financial documents. Regardless of the loan type, lenders will need information about you. Make copies of financial statements; bank accounts, investments, credit cards, auto loans, recent pay stubs and two years’ tax returns.

Check Your Credit Rating

Credit scores range between 400 and 800. 620 + is considered “good”. 680 + is considered “premium” and may possibly help get you a lower interest rate.

Below you will find the contact information for the 3 major credit reporting agencies to help you determine your credit rating. Ask your lender how to improve your credit score if you need to. Going forward, treat your credit like gold.

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Savings & Debt

If you are buying real estate, try to accumulate funds towards your down payment, closing costs (appraisal, miscellaneous fees, escrow, title insurance, etc.) and expenses such as inspections. Furthermore, try to pay down existing revolving and high interest rate debt like credit cards.

Toe The Line

Now is not a good time to change careers, move your money around, or buy big ticket items. Lenders like stability. So if you are considering any major changes, it pays to meet with a lender and ask them how to proceed before you make any changes! If you are tempted to buy a big ticket item, consider the following:

A $500 a month debt payment (like a credit card or auto loan) could lower the amount of home you can afford by about $83,000! *
* Based on a 30 year mortgage at 6% interest.

Where do you want to buy a home?

We have worked with hundreds of lenders over the years. From huge banks like Chase and Wells Fargo to small local companies, we know them all. While everyone knows the big banks, our experience has been that when you find a local Greater Philadelphia area lender, the experience is top notch. Contact us or enter your email above and we can send you info for a top lender that we work with.

Ready to take

The next step?

Unsure if it's the right time to buy, sell or rent? Looking for a trusted contractor? Brett Rosenthal and the Revolve Philly Group are here to help. We'd love to learn more about your needs. Feel free to reach out to us using any of the contact options provided

Let's talk