If you are ready to purchase a home or even refinance your current mortgage, knowing what a lender looks at in an applicant can help you be prepared for the mortgage application process.  There are three elements that a lender reviews in order to determine if you are a worthy candidate – your credit history, capacity and collateral.  These three elements all combine to tell the lender if you are a good credit risk.

For more information read, “Three must-haves when applying for a home loan.”

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