Mortgage Brokers Consider More Than Fico Scores

Mortgage Brokers Consider More Than Fico Scores

While your credit are an important facet in determining whether you could get authorized for home financing, it is not the factor that is only. In some instances, maybe you are in a position to make up for having low fico scores for those who have an otherwise good financial predicament.

Check out examples:

  • A sizable advance payment could allow it to be more straightforward to be eligible for mortgage loan which help you receive a diminished rate of interest.
  • Your debt-to-income (DTI) ratio may be a factor that is important.