What do mortgage lenders look at when deciding to qualify you?

3 Responses to “What do mortgage lenders look at when deciding to qualify you?”

1. stormpetrel99 says:

   November 10, 2010 at 12:51 am

   Credit score
   Debt-to-income ratio
   Stable income/jobs
   Down payment cannot be a gift (they will check your bank statements).
2. David Z says:

   November 10, 2010 at 1:34 am

   1) your total debt payments / your total income before taxes
   2) delinquent and past due account balances on credit report
   3) cash balances in your checking, savings and investment accounts
   4) FICO score
   5) Collateral value of property you are buying (they get it appraised)
   6) last year W-2′s from your employers
3. FAIRDEALS says:

   November 10, 2010 at 2:28 am

   How do you buy delinquent mortgages ? I am not asking about how to buy real estate in foreclosure . I am asking as to whether there is a way to invest on buying the delinquent
   mortgages . Thank you

   for more info visit our website mortgage brokers, hard money lenders

Leave a Reply

Click here to cancel reply.

Name (required)

Mail (will not be published) (required)

Website

CAPTCHA Code *

Notify me of followup comments via e-mail