Landing a mortgage in today’s tight credit market can be as tough as trying to find a job in today’s economy.
That’s no joke.
One in five home buyers said waiting to hear if they were approved for a mortgage was more stressful than waiting to hear if they got a job, according to a MortgageMatch.com survey earlier this year.
While you aren’t guaranteed a home loan any more than you are guaranteed a job, you can improve your chances — and ease the pain — if you understand four basic principles lenders follow when you apply for a home loan.
Credit score, down payment, loan-to-value (LTV) ratio and debt-to-Income (DTI) ratio.
Get the full story here: “Four Keys to Getting a Loan Today”
