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Determining your ability to repay a Home Loan

Criteria used to determine the ability to repay a Home LoanWhat you earn as income is a major factor in determining your ability to repay a home mortgage and is one of the top items considered by a Lender in mortgage financing.Lenders use qualifying ratios, which are guidelines followed in Lending to determine what loan amount would be granted to a home buyer.  1 STOP Mortgage can help.Let's look at other related factors:1.  Credit history.     Have you paid your bills on time and met your obligations?2.  Current employment status.    ...

October 5th, 2015 | What can I afford?, Determining your ability to repay a Home Loan

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