A mortgage lender looks at several factors when deciding whether to approve a loan application. A lending institution wants to know that a borrower has both the ability and the will to repay debts. If you have a high income and a low credit score, a lender may have reservations about approving your mortgage application.
As a First Time Home Buyer, you may be confused about how to make that home purchase happen. We all know it takes more than just the desire to buy a home in this day and age. It takes planning too. Here are some insights to keep in mind when working toward owning a home.