annualcreditreportcom: What Mortgage Lenders Are Looking For
- 03/30/09 02:01 AM
Recently an applicant contacted me who is a first time homebuyer. She had no idea where to begin on the loan process. Even if I believe the person will not qualify for a mortgage at this time, I try to educate the person in order to prepare for the future. The following are a few tips I use to help you get started in your quest for a mortgage for your home purchase:There are 5 criteria for mortgage underwriting: We call this E-CASA1. Equity - How much money you will be putting down (down payment). 2. Credit - You will need … (0 comments)
Recently an applicant contacted me who is a first time homebuyer. She had no idea where to begin on the loan process. Even if I believe the person will not qualify for a mortgage at this time, I try to educate the person in order to prepare for the future. The following are a few tips I use to help you get started in your quest for a mortgage for your home purchase:There are 5 criteria for mortgage underwriting: We call this E-CASA1. Equity - How much money you will be putting down (down payment).
;)
;)
