Knowledge Base

No doubt about it, applying for a mortgage can be a long and involved process that can leave you feeling drained and financially exposed. But it’s in your best interest to be transparent with your finances during this part of the home buying journey, particularly if you have issues that might hinder your loan approval. There are a number of credit issues that may affect your application for a mortgage loan; however, most of the challenges can be overcome.

There are so many things that can impact your ability to get a mortgage, and the rate and terms of that mortgage. Your credit history, your debt-to-income ratio, your job… and while you might be thinking that having a job is obviously important, there’s another job factor that can affect your mortgage: your commute. Long commutes can sometimes delay or derail a mortgage approval.

So you’ve decided to buy a home. Congratulations – you’ve completed the first step to buying! But… now what?

Without a doubt, buying a home is an expensive endeavor, and it’s important to save money wherever you can. But should you consider going with a type of zero down home loan?

You wouldn’t think it, but the slightest mortgage document errors could spell disaster to your closing process. That’s why it’s ultra-important to ensure that everything that is printed on your mortgage documentation is completely accurate, right down to the crossing of every T and the hyphenation of your name (if that applies to you).