Looking to Qualify for a Mortgage and Become a Home Owner?
Many home buyers think that if they pay more rent than a mortgage payment, the lender will approve them to purchase. Lenders want to see a history of how you pay your bills.
What you need to have to qualify for a mortgage?
- Banks and mortgage brokers are looking at your credit score.
- Do you make your payments on time?
- Do you have any unpaid collections?
- Do you have credit cards, or lines of credit and do you have a history of managing them well.