First Time Home Buyer Loans
Buying your first home can be a very exciting experience. It can also be a frustrating one if you don’t have all the information necessary to make the journey a smooth one.
Unless you’re paying cash, you will be asking a mortgage company or bank to lend you a lot of money. It should be pretty obvious that the lender wants to make sure you will repay them so they are going to carefully examine your current financial situation to determine if you can and will pay them back.
The four area lender reviews are:
Credit History
Asset
Income
Reserves
In part two, we are going discuss the Asset or the property you will be buying. (more…)
