What A Lender Looks For When Approving A Mortgage
Are you ready to start the application process for a mortgage so that you can purchase a home? If so, know that approval is not always guaranteed. A mortgage lender will consider the following factors before they approve your mortgage.
Your Credit History
Your credit report is going to be pulled so that the lender can look at your credit history. They are going to be looking for things like if you owe a lot of debt, have court judgments against you, and your overall credit utilization.