Home Buying Center

getting qualified for home financing

1. First: review your credit report and score.
   The higher your credit score, the more likely
   you will be approved for financing.
   
   
2. Second: reduce and/or payoff your debts. Having too many debts raises your debt ratio.
   
   
3. Third: maintain substainable income. Mortgage lenders like applicants who have steady income.
   
   
4. Fourth: get yourself pre-approved before you look for homes. Having a pre-approval status puts you in a strong negotiating position with the seller.