Yes, “You” Can Get A Mortgage

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The more you know about mortgages and what it takes to get a mortgage is your best bet!

  • Don’t let misconceptions get in your way.  Just because someone you know couldn’t get a mortgage doesn’t mean the same applies to you.
  • Getting through the mortage is a difficult process.  Not really if you work with a knowledgeable and experienced professional.  Take one step at a time.
  • The more you know, the better experience you will have.  True!  Knowing what to do, how to do it, and when to do it are important steps.

Know the 3 Big Issues to Get a Mortgage

1.  Income
Income plays a big part in getting a mortgage. Not so much in how much income you make, but how much will your income afford you to a make a reasonable mortgage payment and still have money left over to pay your other living expenses.

2.  Assets
Having cash or other assets is great.  The cash you have the easier it will be for you to get a mortgage.  But, don’t be discouraged if you don’t have tons of cash,  we have plenty of programs to assist you.  Having some cash is always expected since it demonstrates good financial management.

3.  Credit
Having good credit is a good indication that you will pay your mortgage and perform on your debt.  Also, the better your credit score, the better will be your interest rate.  Mortgage rates are determined by what is called risk based pricing.  In other the better your credit score, the better will be your rate. 

Finally, having good income, liquid assets (cash) and good crediit are the Big 3 things you want,  but remember there are many loan programs for borrowers who have marginal credit.

Let us know if we can help, “Yes” you can get a mortgage.