Liberal Forum

ConsRule » 15 Dec 2023, 9:33 am » wrote: ↑

15 Dec 2023, 9:33 am

There is no one thing almost everyone needs to qualify for a mortgage.  However, having just gone through the process for the home we built, I can tell you the potential lenders we dealt with wanted excellent credit, sufficient income and/or liquid asset for closing (including down payment) and meeting monthly payments, stability with employer(s) and the appropriate collateral.  Now, they asked (in my opinion) a lot of stupid questions, requested documentation of some stupid things and sourced almost every asset we had multiple times.  We ended up having to provide 50 separate documents (some as many as three times).

Now...your point?