How does high levels of debt affect my home
buying power?
The more you owe, the less you will be able to qualify for
in a home mortgage. The
process of finding out how much you can qualify for involves examining
your income and comparing it to your debt ratio.
These are the two major variables that help determine how much home
you can purchase. If a person has
an excessive debt ratio, this reduces the amount of home mortgage that
they can qualify for. However, you
can be better prepared to determine how much mortgage you qualify for if
you get a copy of your credit report to review before you apply for your
mortgage. By examining your credit profile, Landmark Mortgage will be
able to structure a home buying strategy for you.
Landmark Mortgage may be able to offer solutions for debt
consolidation as well. If
you've had credit problems, be prepared to discuss them honestly with us and come to your application meeting with a written
explanation.
Our qualified loan professional can sit down with you and examine
your entire financial situation prior to you applying for a loan.
Landmark Mortgage
specializes in assisting individuals with debt consolidation and obtaining home loans.
We can advise you on the best
approach and help you get the house of your dreams!
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