Your credit score is one of the most important factors lenders look at when you apply for a mortgage loan. Different types of ...

Many experts recommend having the equivalent of six months’ worth of mortgage payments in a savings account, in addition ...

For example, if your gross income is $6,000 per month, your mortgage payment should be no more than $1,680 (28 percent of $6,000), and your total debt payments (including the mortgage) should max ...

How to financially prepare for applying for a mortgage. 1. Make sure your credit report ... Many banks also have zero-down community loans for borrowers who meet income or geographical requirements.

When you apply for a mortgage, following the correct process matters. Here's how to prepare, what to do and what the lender does at each step until closing.

Aly J. Yale is a writer specializing in real estate, mortgage, and the housing market. Her work has been published in Forbes, Money Magazine, Bankrate, The Motley Fool, The Balance, Money Under 30 ...

Did you know your home can serve as collateral for multiple loans at once? If you take out a loan that's secured by your home when you already have a primary mortgage, your new loan is called a ...

From getting a decision in principle to the documents you need when applying for a mortgage or remortgaging, we explain what you need to do.

If you don't have a credit score, Ms Janssens recommends talking to a lender or mortgage broker directly before applying online. As you may get automatically declined online by some lenders.

There are no such requirements for the Family Opportunity Mortgage. — There are no distance requirements. Typically, lenders want a second home to be at least 50 miles away from the first.