What Mortgage Lenders look at
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What Mortgage Lenders look at
Mortgage lenders want to make sure that you are responsible and that you take care of your debts. Here are a few of the areas mortgage lenders look at when determining your eligibility.
- Pay your bills on time - No late payments or missing payments.
- Debts are controllable and reasonable - Your credit card debt is low and is paid on time.
- You only carry credit you use - eliminate credit cards you do not need.
- Limited Credit Inquiries - Every time someone inquires about your credit, it is documented.
- Employment - How long have you worked at your job and in your industry.
- Income - How much you make and for how long.