2007-01-02 15:51:36 · 6 answers · asked by MIRAELC 1 in Business & Finance ➔ Personal Finance
A steady work history and a low income-to-debt ratio will help you get a morgage. It also helps if you are about to put at least 20% down, although if you are a military veteran you can get a GI loan with 0% down.
The best thing is to learn what you can from the internet and then meet face-to-face with a mortgage broker in your area.
2007-01-02 17:26:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That depends on how much you need one, If you don't need one you can probably get it fairly easily.
In any case you have to know that you will always be able to pay, and have some set aside for emergencies, like an injury or losing a job. You also need to make sure you are getting a decent deal, as a lot of people are so happy just to get the mortgage they don't realize it is a bad deal.
If you have never not been able to pay the rent, have a good amount of money for down payment, and will be paying a mortgage that is less than you normally pay for rent, you will not likely have a problem.
If the mortgage is more than half your income, and you don't have much savings, you should hope they don't give you a mortgage, because you are buying big problems down the road.
2007-01-03 00:02:26 · answer #2 · answered by Dragon 4 · 0⤊ 0⤋
Not hard at all; I know lots of loan officers at different companies that could likely help you.
2007-01-03 16:18:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Actually easier than most people think, I was surprised to learn that, but like my dad told me, they know where their collateral is going to be. lol
2007-01-02 23:59:49 · answer #4 · answered by lookn_4_laffs 5 · 0⤊ 0⤋
not as hard as you think - there are 'first time buyers' laws and you have to show your income etc to make sure they think you can afford the mortage
2007-01-02 23:55:03 · answer #5 · answered by ekleinert 3 · 0⤊ 0⤋
very easy if you're a strong borrower.
2007-01-03 00:51:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋