July 2, 2015

Demystifying loan qualification

By Marcie Geffner - LendingTree.com

Lenders consider a number of factors to determine whether a borrower is qualified for a home mortgage.

These factors include:
- Assets
- Credit score
- Debt-to-income ratio
- Documentation

Assets
Assets include checking and savings accounts, investment accounts, retirement plans and other sources of funds borrowers can use to make a down payment and pay closing costs.

Read more:
https://www.lendingtree.com/qualifying-for-a-loan-summary-article