Qualifying for a Home Mortgage… It Takes All Three

Many of our customers ask us, “what do you look at to determine if I qualify for a mortgage?”.  Well, we actually look at three things.

1) Your credit history – have you built sufficient credit and developed a habit of paying on-time every month.

2) Your income – do you have sufficient monthly income to make mortgage payments and is there a high likelihood of that income continuing.  For you renters out there… Monthly mortgage payments are typically less than monthly rental payments for a similar property.

3) The property (i.e. the house) – is the house you’re buying sufficient to justify the mortgage.  The house is collateral for the mortgage and a lender doesn’t want to hold a mortgage that exceeds the value of the house.

The mortgage process is really not that complicated.  If we can gather enough adequate information to satisfy all three of the above items, you should be able to qualify for a home loan/mortgage.

Keystone Mortgage provides Tennesseans with the best mortgage experience, period. So what are you waiting for? Apply here now. Give us a call to get pre-qualified today… 865-909-0211.

It's easy to get started!

Knoxville TN Office
1508 Coleman Road
Knoxville, Tennessee 37909
Sarasota FL Office
1400 Peregrine Point Drive
Sarasota FL 34231
Phone: 865-909-0211
Fax: 865-909-0178
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