How can buyers increase their chances of securing a loan?
Knowing that the road ahead is rough, would-be home buyers need to be on their game and get pre-qualified or pre-approved for a loan. You can make a better deal if you have your finances arranged ahead of time. Buyers should also know their credit score and do what they can do to make it as high as possible. And you should pay off as much debt as possible before seeking a loan—applicants’ debt-to-income ratio is a big factor in whether you gain approval for the loan.
Buyers should also shop around to figure out which local lenders are offering promotions or mortgages with lower credit requirements. Do your homework and do your legwork, You need to put as much effort in finding the right mortgage for you as you do in finding the perfect home.
Author:Sandra Hunt Phone: 682-597-7130 Dated: April 3rd 2016 Views: 70 About Sandra: Born in Dallas and a Dallas Fort Worth area resident for her whole life, Sandra knows her way around...
I get asked this question almost everyday and sometimes, I even have t
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