Secrets Your Mortgage Broker Will Not Tell You

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What can you do to improve your chances for a loan approval?

Source: http://www.ourescrowpro.com

Before applying for a loan, organize your finances properly with documentation. Remember to list down all assets and liabilities. Your mortgage broker may assist you with this. They want to make sure that the borrower is sound also before approaching a lender. Their reputation is at stake. Resolve credit issues even before applying for the loan. For example, credit card balances over 30% of a credit limit will drastically reduce the credit score. Make it easy for the underwriter and most likely no red flag will come up. It will be easier for you to have the mortgage loan approved.