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What are the most important considerations when being approved for a mortgage?

April 26, 2017Approved considerations mortgage

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What are the most important considerations when being approved for a mortgage?

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Lenders pay special attention to two things when considering a mortgage application: The buyer’s ability to pay the monthly payment (shown by the credit history and the income,) and the value of the house to be used in collateral in case the buyer defaults in the property.