Sentences with phrase «history on a mortgage application»
Employment history on a mortgage application is something lenders look at in order to decide if you're going to be able to make your monthly payments and eventually pay off your home loan.
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In general, banks that lend money for mortgages or other loans take a look at the credit histories of everyone whose name is on the loan application.
When it comes to mortgage approval, much depends on the borrower's total debt load at the time of application, as well as the payment history.
When it comes to mortgage approval, much depends on the borrower's total debt load at the time of application, as well as the payment history.
Credit history and income generally aren't as restrictive in the application process as they are for «forward» mortgages, which could be a big advantage for people on a fixed income.
By submitting this loan application form, you are giving Jersey Mortgage Company authorization to run a credit check on your financial history.
And without a two - year history of overtime pay, your lender may not allow you to claim it on your mortgage application.
A person with an 850 credit score has a long history of on - time payments, with no delinquencies or defaults, a wide variety of revolving and installment loans, like car loans, mortgages, credit cards, and student loans, and no recent applications for new credit.
If something on your credit history is bad enough to prevent you from getting the mortgage, you may be able to find that out before paying an application fee.
Sky Financial Corporation / The Mortgage Center is able to cut the application to approval time by as much as half and we offer borrowers with reasonably good overall credit and a history of making mortgage payments Mortgage Center is able to cut the application to approval time by as much as half and we offer borrowers with reasonably good overall credit and a history of making mortgage payments mortgage payments on time.
Credit history and income generally aren't as restrictive in the application process as they are for «forward» mortgages, which could be a big advantage for people on a fixed income.
Application demand also grew as the 30 - year, fixed - rate mortgage on loans with conforming loan limits fell to 4.05 % from 4.09 % a week earlier, making it the lowest rate in survey history.
When it comes to mortgage approval, much depends on the borrower's total debt load at the time of application, as well as the payment history.