If the last year tried to buy housing and the banks denied
the mortgage loan, this is the time for you can organize and make adjustments
on your taxes so that the doors don't close again.
In the market there are thousands of available properties
and many people with desires to purchase any of them. Unfortunately not all
families qualify and get a bank to lend money.
"The banks are paying today more than ever. The people
who say that the banks are not paying is not doing the right things, such as
not properly declare taxes, or those who have no savings," says Sandra
Andrade, counselor in Real Estate.
For the bank to rely on you, you must prove that you are
reliable and financially stable. In other words, you can pay. And to find out
the first thing that lenders review is the declaration of taxes.
"Take Advantage of the tax season in order to return
you the maximum silver, will not necessarily be the best choice to buy a home.
One has to report a certain income to qualify and that is going to depend on
how much debt you have," adds Andrade.
In practice, declare a low income or many losses will help
you to obtain a mortgage.
"One cannot put a goal to Uncle Sam, trying to make as
little as possible for not paying taxes or to return you the maximum of silver.
If you declare $7 thousand a year you can engage in a purchase of $150
thousand," explains the expert.
Proof that you know spend the money it
is also important to prove that you handled well your
finances and in this case the banks analyzed your credit.
"Depending on your credit score, a person can have more
debt capacity, access to better interest rates and better programs in the
market to finance a house," says Sandra Arenas, advises on Real Estate.
The good or bad management of finances is recorded in the
History, so it is important to rectify any errors and increase the score.
"Should have all the balance sheets of the cards in the
40%, they should keep lines of credit and do not close any whether they are
applying for both the purchase of a home, such as for the purchase of a car or
a new credit card," suggests Arenas.
Many families have also failed in the attempt to buy a house
because they have chosen a housing that does not meet the requirements to be
financed by the banks.
The possibility of buying a home and receive from the
government the incentive of up to $8 thousand if you do it for the first time
will be open until the end of June. If you roll accounts and there's still time
to make adjustments and get a home for your family.
Real Estate Markets