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August 31, 2006
How do Home Equity Lenders Underwrite and Approve Mortgage
Homeowners ask me all the time, "How Do Home Equity Lenders Approve a Loan?" The first area of concern is your credit. Take a few minutes and look at a current copy of your credit report. A high credit score (700+) is another strong compensating factor that can work in your favor for an approval to purchase a new home, refinance or consolidate debt. If you have a poor credit score, the home equity lender may cushion their risk by limiting the loan amount, and increasing the interest
From How do Home Equity Lenders Underwrite and Approve Mortgage
Posted by Jim at August 31, 2006 01:46 PM
