Think about it. What are the questions you asked a stranger to lend him before $ 150 000? Yes, $ 150,000 of your money …

Each lender has two big fears : Losing money and wasting time.

All considerations will be taken when it will consider your mortgage application will focus on ventures.

It’s about TRUST.

Each document that request, provided each and every mortgage product is established to assess the risk of the mortgage against the interest rate it will receive.

The best rates are of course given the records that show the least risk.

[Note: This article discusses the general analysis that is most used by lenders offering the best rates.

If your situation requires flexibility so that your mortgage is approved, review the articles in the section: "Why my bank said no? "]

How does a lender determine the risk?

Each mortgage application, for almost all lenders, is evaluated on three risk factors:

• Guarantee Mortgage – (the downpayment, the value of the property and the property market for this type of ownership in this sector of the country)

• The ability of the borrower – (income, job stability, financial obligations and debt ratios)

• The character of the borrower – (credit quality already established, the credit report and credit score)

Your situation does not need to be perfect .

It is important to know how to present and present your case to get good results.

As a lender told me: “Is that the case is solid? If so, we will accept it. “

That all the elements that determines the risk of each mortgage and calm the two fears: losing money and wasting time.

We just have to discuss with you the phone for fifteen minutes and we will analyze your case. You’ll get a professional opinion without charge and without obligation.