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How To Qualify For A Loan
 - 4 Quick and Easy Things To Remember
As you know not every person who tries to get a loan qualifies for a loan. Banks want to feel that whoever they give a loan to is able to pay it back. The first thing you need to do is you have to have your financial business in order if you want to get a loan. The four main things that lenders look for when you go apply for a loan for a home are:1) Down payment money - Lenders require you to have enough money for a down payment. A down payment for a home is usually anywhere from 3% to 20% of the purchase price. 2) Two years of steady employment - The lender wants to see that you can hold a job so you can pay the loan. It can be in the same field or one job that was held for two consecutive years. 3) A Good Credit Score - A lender will be quicker to give someone with a good credit score a loan. A good score is considered anything from 600 and above.4) Your monthly income - has to be two to three times higher than the mortgage you are going to pay. They ... more

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