Tips for increasing your chances of getting mortgage approval
●Check your credit. Check for errors on your credit report long before you apply for a loan to give yourself time to fix mistakes and improve your credit profile.
●Do research online and then visit a lender for individualized information.
●Shop around for a lender and a loan.
●Pay down debt to 30 percent or less of your credit limit.
●Establish savings for a down payment.
●Be aware of available loans with low down payment requirements.
●Check for down payment assistance programs.
●Don’t overload yourself with too much debt. Balance your income, your housing payment and other expenses for a more comfortable budget.