A mortgage prequalification is an estimate of your borrowing power. In effect, it is a statement from the lender putting forth that based upon your current financial circumstances, i.e., income, debt, andcredit score, you will likely be qualified for a mortgage for a certain amount....
If your income-to-debt ratio meets the lender’s requirements, you can stillget a mortgage with high student debt. Some lenders will roll student loans into mortgages, which might be an excellent option for your financial situation. Like any other situation, do your due diligence. 8. Pre-Qu...
I have an excellent credit score, excellent credit history, low amount of debt, good income, and reasonably high net worth. Yet I've never been able to get those rates they advertise. Finally, think about your style. Are ...
excellent credit history, low amount of debt, good income, and reasonably high net worth. Yet I've never been able to get those rates they advertise. Finally, think about your style. Are you okay doing everything online and talking to whoever in the call center answers ...
Maybe their income ratio changed, or they made an unwise large purchase. Perhaps the buyer has failed to provide the requiredfinancial documentationnecessary to the lender. Lenders will ask buyers for numerous financial documents when getting a home loan. The need for documentation will start at th...