{"id":961,"date":"2017-06-03T00:03:53","date_gmt":"2017-06-03T00:03:53","guid":{"rendered":"https:\/\/mymortgagepros.com\/?p=961"},"modified":"2024-02-08T05:46:07","modified_gmt":"2024-02-08T05:46:07","slug":"simple-explanation-need-qualify-mortgage","status":"publish","type":"post","link":"https:\/\/mymortgagepros.com\/simple-explanation-need-qualify-mortgage\/","title":{"rendered":"Simple explanation what you need to qualify for a mortgage"},"content":{"rendered":"<p style=\"text-align: left;\">You go to the bank to get a mortgage and get one choice; their product in many variations. They quote you\u00a0a great rate. <strong>Professionals know a lot\u00a0more to a mortgage.<\/strong>\u00a0Requested financing\u00a0must be custom fitted to YOUR needs, not of theirs. One of the reasons you need a <a href=\"https:\/\/mymortgagepros.com\/\">mortgage broker<\/a>. They\u00a0can give you access to all the products in the market to fit YOUR rate and product needs. First let&#8217;s look at the three main pillars\u00a0of qualifying for a mortgage:<\/p>\n<p style=\"text-align: center;\">\u00a0<\/p>\n<h3 style=\"text-align: center;\"><strong>1. credit 2. income 3. down payment<\/strong><\/h3>\n<p style=\"text-align: left;\">Our analogy, just like any building.\u00a0<strong>IF ANY ONE PILLAR IS MISSING, YOU ARE STILL STANDING.<\/strong> <strong>IF TWO ARE MISSING, YOUR CHANCES ARE SLIM<\/strong>.\u00a0(short enough?)\u00a0<br \/>Let me explain:<\/p>\n<p><strong>Credit:<\/strong>\u00a0when your credit is not good\u00a0(lower than 500 score), but you have a good job and a large down payment (15-25%), we can place you with a B lender. You will stay until your credit recovers (we help you create a plan to get it done). Once you qualified for a new low rate mortgage with a lender you will love for years to come.<\/p>\n<p><strong>Income:<\/strong> if your income does not fit with the stringent rules (~42% TDS total debt ratio) of an A lenders, we will place you with a B lender, again you have to have two pillars: decent credit and at least 15-25% down.<\/p>\n<p><strong>NO Down payment:<\/strong> great credit (sky high credit score) and efficient earnings are required, there are only a few lenders who can offer flex-down products. We make it easy.<\/p>\n<p><a href=\"https:\/\/mymortgagepros.com\/mortgage-brokers-calgary\/\">We are experienced<\/a> and dedicated serve our <a href=\"https:\/\/mymortgagepros.com\/testimonial\/\">clients<\/a>. Our objectives are finding a solution for you. We will <a href=\"http:\/\/mymortgage.pro\/\">teach you<\/a> about mortgages. Our professionals\u00a0know you will make better decision when you are educated. <a href=\"http:\/\/mymortgage.pro\/\">FREE advice 24\/7 <\/a>give us a call 403-253-2022 or send our president an\u00a0<a href=\"mailto: zoli@wordpress-1002294-3532233.cloudwaysapps.com\">email. <\/a>\u00a0<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-965\" src=\"https:\/\/mymortgagepros.com\/wp-content\/uploads\/2017\/06\/free-advice-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You go to the bank to get a mortgage and get one choice; their product in many variations. They quote you\u00a0a great rate. Professionals know a lot\u00a0more to a mortgage.\u00a0Requested financing\u00a0must be custom fitted to &#8230; <a href=\"https:\/\/mymortgagepros.com\/simple-explanation-need-qualify-mortgage\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":962,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[5],"tags":[28,22,26,25,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Get Mortgage Easily? What You Need To Qualify For A Mortgage?<\/title>\n<meta name=\"description\" content=\"Choose what you can afford.Get simple guidelines on how to qualify for mortgage loans. Get 24\/7 hours free consultation with our professionals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mymortgagepros.com\/simple-explanation-need-qualify-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Get Mortgage Easily? What You Need To Qualify For A Mortgage?\" \/>\n<meta property=\"og:description\" content=\"Choose what you can afford.Get simple guidelines on how to qualify for mortgage loans. 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