Qualifying for a real estate loan involves an in-depth analysis of a buyer's full income and debt documentation. This includes pay, credit scores, the housing debt that will be created with a home loan, as well as the buyer's current monthly debt that shows in their documentation. Note that the documentation of debts includes the credit report as well as the other documentation submitted such as bank statements that show a regular monthly payment being withdrawn, whether for child support or another debt obligation. Be up front with your loan officer about debts you pay. Here is more information about issues on the loan side:
For a free, no-obligation analysis of your home-buying scenario or questions, Contact Lisa.
"Sand to Sea Properties, Inc. provided stellar customer service from beginning to end. Throughout the entire process Frank and Lisa guided us and were always available to answer any question or concern, and were prepared for any curve ball throughout the home buying process. Their expertise in real estate became such a comfort to know we were working with top notch individuals who were not just incredible at what they do, but also enjoyable to be around. We highly recommend Sand to Sea Properties for your home buying or rental needs."
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