Malaga, CA Real Estate News

By Eddy Martinez
(Nationwide Funding Group)
Qualifying the Borrower............................Several risk factors are taken into consideration when evaluating a borrower for a loan, such a borrowers debt-to-income level, employment history , type of property and assets. THe lender will order a credit report which will show the borrowers complete payment history , balance of outstanding debt, credit history, number of credit inquires and types of credit held. The most important being the credit history. The lender requests a credit report from one of the credit reporting agencies: Equifax, Experian, or Transunion. These particular companies research the credit records of consumers and state their findings in a factual credit report. They have access to databases that store credit information on most consumers in the country, The...
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