When you're hoping to lock down a home loan, the focus is on making sure you look like a safe bet for prospective lenders. Conversation tends to drift to the key pieces of the pre-approval puzzle, from credit score and stable income to acceptable debt levels and suitable assets. No one's arguing the wisdom there. But what often gets glossed over, if not entirely forgotten, are the things lenders won't or even can't factor into their decision... ow.ly/2M2m0n
Carlisle Mitchell - Insider Tips for Real Estate Investors is a trusted and reliable source of expert market analysis, investing and personal finance tips for real estate investors world-wide.
Tuesday, August 19, 2014
4 Factors That Shouldn't Affect Mortgage Loan Approval
When you're hoping to lock down a home loan, the focus is on making sure you look like a safe bet for prospective lenders. Conversation tends to drift to the key pieces of the pre-approval puzzle, from credit score and stable income to acceptable debt levels and suitable assets. No one's arguing the wisdom there. But what often gets glossed over, if not entirely forgotten, are the things lenders won't or even can't factor into their decision... ow.ly/2M2m0n
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