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