Sentences with phrase «better chance of qualifying for a mortgage»
Consumers think they have a better chance of qualifying for a mortgage too.
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A good credit score will improve your chances of qualifying for a mortgage loan, while a bad score could make it harder to qualify.
That means many borrowers who didn't have enough equity in their homes to qualify for a second mortgage have a better chance of being approved.
In general, homeowners who are over the age of 62 with 50 - 55 % or more equity in their home have a good chance of qualifying for a reverse mortgage.
Normally, you'd think that any additional income would boost your chances of a home refinance and qualifying for the best mortgage rates, but if the origin of the money is anything other than your usual paycheck, you'll face additional scrutiny.
Each time you give more evidence of a good credit history, you increase the chances that you can qualify for a mortgage or other large loans.
The lower your debt - ratio, the better your chances are of qualifying for a mortgage.
In general, homeowners who are over the age of 62 with 50 - 55 % or more equity in their home have a good chance of qualifying for a reverse mortgage.
A good credit score will improve your chances of qualifying for a mortgage loan, while a bad score could make it harder to qualify.
Being able to make a sizeable down payment improves your chances of qualifying for the best mortgage rates.