10 Things That SQUASH Your Mortgage Application

Mortgage applications: 5 things you need to know Find out how to improve your mortgage chances. By Stephen Maunder. Dormant accounts or incorrect information can have an effect on your mortgage application, so the sooner you check out your report and get any issues sorted out, the better.

There are a number of external factors and slip-ups that can scupper a mortgage application, and if you make sure to avoid them, you can drastically increase your chances of being accepted. We look at the top reasons that could stop you getting a mortgage: 1) You can’t afford the mortgage you’re applying for. Seems obvious, doesn’t it?

You & your Credit Score Your credit report and score can affect your ability to get a loan, rent an apartment, or even qualify for a job. A credit report shows your bill payment history, current debt, and other financial info. companies and lenders use your credit report to calculate your credit score-a number usually between 300 and 850.

The 10 Worst Things You Can Say to a Mortgage Lender. "I like to change jobs every year or so." A stable employment history of at least two years is a common requirement for mortgage lending approval, which makes sense because the lender is counting on you to reserve a portion of your income for your loan payments.

Here are the top 10 things you should have prepared to help ease your mortgage application process: tax documents: Have your last two years of tax returns and W’2’s. Make sure to include all schedules. Pay stubs: All of your income should be recorded so that you can receive the best possible option for repayment. Be sure to bring 30 days worth of your most recent pay stubs, for any full and part-time jobs you hold.

Top 10 Things You Should Know About Your Mortgage When Going Through a divorce. divorcing clients have many questions when going through a divorce; especially when real estate and mortgage financing are involved. Here are ten top things every divorcing client should take into consideration when dealing with the marital home and/or other real.

More than 10 percent of large banks eased. sense if the interest rate you’re paying on your mortgage now is higher than current rates, but refinancing often carries higher fees and a more.

Your best bet to avoid dealing with things that can go wrong in underwriting is to disclose your entire financial history to the lender prior to your initial loan preapproval. Allow the lender to check your credit history (after reviewing it yourself, to make sure it contains no errors).

The Home Equity Theft Reporter: South Florida Man Gets 10 Years In Slammer In Straw Buyer, Identity Theft Mortgage Fraud Man cited for impeding traffic’ during Pedalpalooza ride – That hasn’t happened in a few years, so perhaps it’s time to restart that dialogue. It’s too bad this incident occurred.. yokohama, JapanThe Home equity theft reporter: Florida AG Gets Guilty Plea In Statewide Mortgage Fraud.

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