Jac-designs Business Guide
Home Business Ideas Business Plans Business Buying Sitemap Resources Directory

FHA Mortgages In Georgia Mortgage Approval

When you apply for a mortgage, the lender will weigh many factors before making a decision. These factors determine which types of loan you qualify for and what the interest rate and terms will be. Becoming aware of these factors and taking action to improve them all can give you a distinct advantage as you start the approval process that you hope will result in closing on your new property. Your actions can determine success or failure. Basic factors come into consideration when applying for any type of loan, but they can make the most difference when you apply for the largest of personal loans, a mortgage.

The first factor taken into consideration is your credit. Do you know what your credit report looks like? Each year, you can get one free copy of each of your credit reports from the 3 major reporting companies. You should get these reports and check for errors. They are available on the annualcreditreport.com website at no charge.

Credit reports frequently have errors which need to be corrected. It is possible to get them corrected at the source by challenging incorrect information. This will improve your credit score. Pay off all credit balances but don't close any accounts. The size of your down payment can make a huge difference in your chances of being approved.

If you have credit problems, the bigger the down payment, the less impact from your credit score. If your credit is excellent, a larger down payment will still help guarantee the very best mortgage terms. Above all else, don't lie to your lender.

If you tell them you are a supervisor of a power plant and they find out you are a UPS man who has only had the job for 6 months, you will be totally screwed. Be honest and your lender will do their best to work with you.

Find out more about how to guarantee your loan approval by contacting Brenda Puckett at Home America Mortgage. Brenda is a 20 plus year veteran of the mortgage and real estate businesses and knows how to improve your credit score.



Home Business






Difference between Lawyers and Attorneys - Dan Fajerstein has been representing real estate clients on the North Shore and greater Chicagoland area since 1991.

Arizona real estate - Arizona real estate: The buying motivation.

Costa Rica Travel Info Rich Coast and Plush Land - Costa Rica is steadily becoming a top vacation destination.

Bulgarian Property for Sale Are You Ready For Investment - In addition to seeking out a Bulgarian property for sale for personal or family use, there are a number of people who are interested in finding a Bulgaria house for sale for investment purposes.

Will a Builders Model Home be Less Expensive to Buy - When you're looking at a new construction and the builders model home comes on the market, will it be cheaper ?.

more...
© Copyright Jac-designs.com All rights reserved.
Unauthorized duplication in part or whole strictly prohibited by international copyright law.