1)Stable income
2)Attractive credit history
3)Low debt-to-income ratio.
If a attainable borrower lacks in any one (or more) of these, the potential borrower will have a hard time getting a loan.
Your credit rating is one important factor utilized by lenders when qualifying you for a home loan. You probably did not say why your credit is bad. Without understanding what caused your bad credit, I cannot tell you what specific steps to take, but I will create some general recommendations.Continue the next post..
Your credit rating is one important factor utilized by lenders when qualifying you for a home loan. You probably did not say why your credit is bad. Without understanding what caused your bad credit, I cannot tell you what specific steps to take, but I will create some general recommendations.Continue the next post..
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