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Tips For Increasing Mortgage Approval

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.

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