Great Article by Bill Nickerson….Be prepared as a Buyer! In Today’s Real Estate Market, it is more important than ever to have a Pre-Qualification in hand when shopping for a home that has been prepared by a reputable Lender, Bank or Credit Union. Pre-Qualification A mortgage loan pre-qualification is an estimate of how much house you can afford and how much money a lender would be willing to loan yo Pre-Approval Getting pre-approved means that you have a tentative written co

by BURNS & EGAN REALTY GROUP on MAY 9, 2016 After you have completed all the paperwork on your end, you may be wondering what exactly is the underwriter looking for? Typically, the underwriter is looking for two things: 1.) your general creditworthiness and 2.) your debt-to-income ratio. How does an underwriter evaluate creditworthiness? Your creditworthiness will give the lender an idea of your willingness to repay your debts. The most common way to determine creditworthines