Qualifying for a Home Loan in 2014
By Joseph Schutz, A Realtor with Experience You Can Trust!
(RE/MAX Preferred)
Qualifying for a Home Loan in 2014 By Joseph Schutz EXIT Ryan Scott RealtyFt Lauderdale, FLhttp://JoeSellsFtLauderdale.com Lenders in Ft Lauderdale, FL are definately more strict with their qualification criteria than in the past. Most lenders are still licking their wounds following the collapse of the housing market. As a result they are requiring higher credit scores, lower debt ratios, and more documentation proving your income. Credit Scores Matter Credit scores have always been important when applying for a mortgage loan, but today they are more important than ever. Your credit score can make or break your chances of qualifying for a mortgage. Lenders use them to assess how much risk the borrower brings to the table. Th...
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