The Jim McClain Group

The Jim McClain Group With over 42 years of top producing results in the real estate industry, I am an Expert in the field

Wondering what impacts your pre-approval?    Factors That May Impact Pre-ApprovalReady to dive into the house-hunting po...
01/03/2024

Wondering what impacts your pre-approval?
Factors That May Impact Pre-Approval

Ready to dive into the house-hunting pool? 🏡💦 Wait! Before you take the plunge, ensure you’ve got your floaties on. Here’s the lowdown on what lenders really peek at when you’re aiming for that golden pre-approval:

🗝 Paychecks & Beyond

Sure, your monthly salary is a start, but lenders are looking for the whole financial symphony. Think of consistent income, a stellar credit score, and a robust down payment.

🗝 Job Journals

In the homebuying story, a steady employment plotline is a bestseller. A few plot twists (like employment gaps) might need some explaining, but hey, every story has its quirks!

🗝 The Debt Dance

Enter the DTI – your debt-to-income ratio. It’s the fancy footwork showing how nimble you are juggling income and debts. A smooth DTI waltz can make lenders’ hearts flutter.

Feeling a tad overwhelmed? No worries, I’m here with the choreography. Let’s tango through the process together!

Cheers to a fresh start and endless possibilities in the new year! 🎉✨
01/01/2024

Cheers to a fresh start and endless possibilities in the new year! 🎉✨

What's your next priority for your home? Share your aspirations! 🏡✨
12/29/2023

What's your next priority for your home? Share your aspirations! 🏡✨

Although home appraisals and home inspections are somewhat alike, there are a few key differences people should take not...
12/27/2023

Although home appraisals and home inspections are somewhat alike, there are a few key differences people should take note of if they plan to purchase a home. The purpose of appraisal is to determine the fair market value of the property, while an inspection determines the condition of the home and identifies any items in need of repair.

May your Christmas sparkle with moments of love, laughter, and goodwill. Wishing you all the joy this season brings! 🎄✨ ...
12/25/2023

May your Christmas sparkle with moments of love, laughter, and goodwill. Wishing you all the joy this season brings! 🎄✨

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1320 Central Boulevard
Ashburn, VA
22401

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