Before you buy Real Estate in Jackson Hole, educate yourself about what's involved in a purchase. Many people begin with our Jackson Hole MLS Search engine prior to moving to Jackson Hole in a couple of years? With prices continuing to go higher, you may be better off not buying a home now. The cost of selling a home in Jackson Hole generally falls in a range of 7% - 8% of the sale price.
Many younger couples wanting to buy a primary residence may want to start with a smaller income property prior to changing jobs and suddenly moving to the area. The bank is more likely to finance you with your present credit ratings.
The banks look at your work history and income levels to debt. If your income is sporadic it may not help you. Bankers are trained to look carefully at a track record and like to see someone with a steady work history and with job changes in the same line of work with an increase in revenue. Most lending institutions will require your work history along with past tax returns.
Think like a banker before going into his office. Look at your credit report on-line before you go to a lender meeting. It is not uncommon to find errors with reports, especially if you have a common last name or a rouge vendor has attached a lien. If you find a problem with the report go to the reporting agency to clear it up. It is common to have a late payment at some time or another but a vendor may not have recorded it properly after it was paid. These problems can usually be justified with a letter of explanation from you to the lender.
