When you apply for a mortgage loan, avoiding the obstacles below will help minimize any delays during the mortgage process and lead to a smoother, quicker closing (also, forewarned is forearmed).
1. Don’t change your job, quit, or become self-employed before you apply for or during the processing of your mortgage. Job security and consistency are key
A few years ago, my client wanted to buy an apartment through an Acquisition Group. However, his attorney dissuaded him from participating. Interestingly, over the past few months, a number of my clients joined Acquisition Groups in Modiin and central Jerusalem. What is an Acquisition Group (AG), what are the risks, and when is it