When to wait to get a mortgage

There are times when it may benefit you to second guess getting a mortgage loan even if you feel you are ready to purchase a home or another piece of real estate. If you debt is too high, it will hurt your chances of obtaining credit or may lower the amount of credit you can obtain. Likewise, if your income is too low you may not be able to qualify for the mortgage amount needed to purchase the home you desire. You may need more time to pay off other debts or obtain a job making more money.

For information on other instances where you may want to wait longer before getting a mortgage read, “5 Times It Pays to Wait to Get a Mortgage.”

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