Tag Archives: Qualifying
20 NovMortgage Don’ts
I recently received an email from a Lending a Hand reader requesting information on what to avoid throughout the mortgage process to ensure a smooth approval and closing. Instead of just responding directly, I thought many of the readers could benefit from this question, so I decided to write a post on the Mortgage Don’ts. [...]
Read More ...18 NovMoney for Buying a Home
Money, money, money. Money is normally one of the biggest obstacles that stops renters from buying their first home. I don’t think that would be the case if they knew there was money available to assist them with down payment. The great thing is that there is just one website that you need to know [...]
Read More ...17 NovMortgage and Divorce
Finances are a touchy subject when it comes to divorce, but I guess every subject can get touchy during a divorce. I want to make sure you are aware of the implications of a mortgage when it comes to a divorce and the suggestions I have to protect yourself, on either side. Who Gets the [...]
Read More ...06 NovSuccessful Qualifying – The Three C’s
The question of what it takes to qualify for the best terms and interest rate on a mortgage comes up quite often in my discussions with potential home buyers. There are three factors lenders consider and you should consider too if you want the best possible terms for mortgage financing: Credit, Capacity and Collateral. Credit: [...]
Read More ...03 NovHow Much Mortgage Can I Afford?
Determining the amount of mortgage you can afford is normally a personal decision but the lender will have their two cents. Consider both what the lender looks at and what you are comfortable with. Let’s compare how each of these two numbers are or should be determined: Your Comfort Level: Determining the payment you would [...]
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