What Does Being Well Qualified for a Home Loan Mean?
Posted by Guy Amato on
What Does Being Well Qualified for a Home Loan Mean?
If you are in the process of preparing to buy a home, at the top of your priority list is probably getting the best home loan you can. Qualifying for a mortgage can be a daunting process, but it doesn’t have to be. There is much more to being well qualified for a mortgage than just making enough money, and when you are equipped with the right information, you can be a well-informed and totally prepared applicant. Read on to learn what a mortgage lender looks for in the qualification process, and how to make sure you are well qualified.
Credit Score
Mortgage brokers will look at your credit score as one of the descriptions of your financial responsibility. There are five credit score categories,…
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