A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.
The economic landscape is constantly shifting, making it difficult to make long-term financial decisions. Now more than ever, it's important to be mindful of your finances and ensure that you are in a stable position before making any large purchases or drastic career changes. Real estate investments can be particularly tricky, as they often require a significant amount of capital and can have long-term implications if not done correctly. Therefore, it's important to do your research and make sure that you are in the right financial position before taking the plunge into real estate investment.