April 18th, 2023 3:16 PM by Cathy Heckman
Looking Out for You and Your Money
Think before looking for a Mortgage Broker
When looking at getting a new loan to either buying or refinance your current home loan "STOP" think and look at what you have to offer to get those better rates in today's market. Prep yourself with information because having this in place will make the process quicker, easier and information is key to getting what is best for you.
Your Income to Debt Ratio Very Important to know
Your Debt divided by your Income
This should be where you are to qualify for those better deals?
What is your payment history look like?
Look at your credit rating on the current credit websites. These are not hard fast ratings and something you can do a little work to make those a little better.
Do you have collections, bankruptcy, foreclosure? How long has it been?
What is your payment history? Do you have late payments?
What are your back up savings looking like? Do you have any backup for those tough months?
Once you answer these questions you are ready to interview for a possible lender.
Mortgage Contract Services
Cathy Heckman
(970) 532-9896