Many people wonder if buying a home is really within their reach. It often seems like a daunting purchase for the first time buyer. The good news is that with the large variety of options available today, it has never been easier to secure a mortgage.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What Criteria Do Mortgage Lenders Use to Select Qualified Buyers?
Mortgage lenders assess a variety of criteria when considering mortgage applications. Most lenders look at the following factors when determining whether you qualify for a mortgage loan.
One of the first questions a lender will consider is how much of your total income you'll be spending on
…