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Key Factors in Securing a Mortgage

Posted by Bonnie Martin Designated Broker on Tuesday, November 26th, 2013 at 2:52am. - For most Americans, buying a home is the most expensive purchase of their lifetime, and obtaining a mortgage can be particularly stressful.

Research and preparation won’t take all the worry out of applying for a home loan, but it will go a long way toward reducing your anxiety.

Here are key factors lenders may consider when reviewing your mortgage application.  

Credit report & score,  Credit cards & other debts,  Employment status,  Down payment,  Know what’s off-limits.

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Photo: ©[Oleg Doroshin]/123RF.COM

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