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Want to Qualify for a Mortgage? Start With These 5 Essentials:
Posted by : Moneek
At Mortgage Investors Group, we know the mortgage process can feel confusing — especially when you’re not sure what lenders are really looking for. That’s why we’re here to break it down in simple terms and help you feel confident every step of the way.
When you apply for a mortgage, we look at a few key things to determine your qualification:
First, your income. We want to see that you have steady earnings that can comfortably support a mortgage payment. This might include W-2 income, self-employment earnings, or other sources.
Next, your debts. Your debt-to-income ratio helps us understand how much of your income already goes toward debt. A lower ratio makes qualifying easier.
Then there’s your credit score. It gives us a snapshot of how you’ve managed credit in the past. A strong score can help you qualify for better rates — but we work with all kinds of credit situations.
We also look at your assets — your savings, checking, or investment accounts — to make sure you’re covered for the down payment, closing costs, and reserves.
Finally, documentation is key. We’ll walk you through everything you’ll need so there are no surprises.
At MIG, our goal is to make the mortgage process easy to understand and even easier to navigate. If you’re ready to take the next step, we’re ready to help.
