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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.

Equifax https://www.equifax.com (800) 685-1111
Experian https://www.experian.com (800) 392-1122
Trans Union https://www.transunion.com (800) 888-4213

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.








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Michele Turnquist 512.328.3939 Lic# 302407   The data included herein on the History, Neighborhood & Recently Sold tabs is a compilation of many disparate datasets obtained from various sources. We use our best efforts to present the most accurate and up-to-date information, but we are not responsible for the results of any defects that may be found to exist, or any lost profits or other consequential damages that may result from such defects. You should not assume that this content is error-free or that it will be suitable for the particular purpose that you have in mind when using it. The owner and operator of the website that displays this data makes no warranty or representation of any kind with respect to the completeness or accuracy of the information included herein. This website is not affiliated with the individual Austin building associations, their management, or the developer of the building and complexes. By using this site you agree explicitly to understand the aforementioned as well as the terms of use and privacy policies. The information contained on this website is for general information purposes only. Austin Association of REALTORS assumes no responsibility for errors or omissions in the contents on the Service. In no event shall the Austin Association of REALTORS be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. Austin Association of REALTORS® reserves the right to make additions, deletions, or modification to the contents on the Service at any time without prior notice. Copyright © 2020. michele-turnquist.com All Rights Reserved. Real Estate Website Design by MJA Marketing