14
Oct
By Jim Hasek
Home Mortgage Tips, ,

Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying

If you've had some trouble getting approved for a mortgage recently, you're not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time. In this post we'll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home. Pay Off Your Credit Cards And Lines Of Credit The easiest way to improve your credit score and prove that…
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19
Aug
By Jim Hasek
Home Mortgage Tips, ,

Applying for a Mortgage? Three Questions Your Lender Will Ask You – and How to Prepare Your Answers

Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. That means your lender will be asking you several questions about whether or not you can afford a mortgage. Here's how you can prepare to answer these questions in a way that will increase your likelihood of approval. How Stable Is Your Income? Your lender is going to want to know that your income is going to be stable over the life of the loan. This means that you should…
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04
Nov
By Jim Hasek
Home Mortgage Tips, ,

Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying

If you've had some trouble getting approved for a mortgage recently, you're not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time. In this post we'll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home. Pay Off Your Credit Cards And Lines Of Credit The easiest way to improve your credit score and prove that…
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23
Oct
By Jim Hasek
Home Mortgage Tips, ,

Did You Know: Five Factors That Lenders Won’t Even Consider When Assessing You For a Mortgage

Are you thinking about buying a new home? If you're going to apply for mortgage financing, you can rest assured that your lender will be checking in to your credit history, income and other items in order to assess your ability to manage this debt. However, there also quite a few variables that they won't inspect during the due diligence process. In today's blog post we'll look at five factors that a lender or mortgage underwriter won't consider when assessing your suitability for a mortgage loan. Your Family Status It's against the law for lenders to make any special considerations…
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21
Oct
By Jim Hasek
Home Mortgage Tips, ,

First-time Home Buyer? Don’t Miss These Tips to Ensure Your Mortgage Application is Approved

Are you buying a home for the first time? Congratulations! Buying your own home is an excellent way to build your net worth while living in a space that you can renovate and truly make your own. If you're going to be taking out a mortgage to help pay for the up-front costs of your home, you'll want to get a head start on the approval process. With that in mind, below are four handy tips to ensure that your mortgage application is approved on your first try. Gather All Of The Necessary Information And Paperwork You're going to need…
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09
Oct
By Jim Hasek
Home Mortgage Tips, ,

Self Employed and Seeking a Mortgage? How to Ensure That Your Lender Knows You’re Able to Pay

Whether you're a freelance web designer who spends their days working from a coffee shop or a small-business entrepreneur with a team of staff, if you're a self-employed individual and you're thinking about buying a new house you may face some difficulty getting approved for a mortgage. In today's blog post we'll share how you can provide paperwork and other evidence to show your mortgage lender that you're a quality applicant who has the ability to make their payments. Have Your Accountant Prep Your Paperwork As a general rule of thumb, if you're in business you should invest in the…
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