Preparation

Before you start shopping for that San Diego home, it's a good idea to make some preparations

2.1 Build your green file
A green file contains all your important financial documents. You'll need it to secure financing for your home. The typical green file should contain:

• Financial statements
• Bank accounts
• Investments
• Credit card
• Auto loans
• Recent pay stubs
• Tax returns for two years

2.2 Check your credit rating
Your credit score will have a huge impact on what type of home you can buy, and at what price. Anything above 680 is considered good. A premium interest rate may mean a lower interest rate on your mortgage. Check your credit rating with a credit reporting agency such as :

Equifax, Experian or Trans Union.

Contact a reputable lender for additional information on how to make your dream home a reality. Please refer to our Financing section for lender contact information.

2.3 Be Careful With Your Finances
Now is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability.

For further questions on preparing to buy a home in the San Diego area, contact us at 858-759-5238 or mark@shea-realestate.com or kim@shea-realestate.com.