Determine Whether You Are Eligible to Obtain a Mortgage

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.

Perhaps you are like many others, who live paycheck to paycheck. So what is the first thing you should do if you are serious about buying a new home? Of course, understanding your credit score and where it falls against the National average and against lender requirements is very important.Credit can be complicated so seeking advice in this matter isn’t a bad idea. After getting a good look at your credit and addressing any issues it is wise to find a mortgage specialist to help you come up with a plan.

Here in this article, we will be going through the preliminary steps for getting pre-qualified or pre-approved for a mortgage loan.

Steps to get pre-qualify:

– Speak to your mortgage specialist and thoroughly go through your income, employment history, credit profile, including liabilities and assets available for the transaction. This process should be repeated for any borrowers on to be included on the loan. Discuss any concerns or potential issues so that the lender can best understand your financial position and borrowing capability.

Do you need more detail on this subject? Head on over to the full article https://businessguruclub.info/determine-whether-you-are-eligible-to-obtain-a-mortgage/ for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0403) 296-221.

Thanks,

Tammie