Before you begin the mortgage lending process with your bank, it is recommended to clarify just what your lender expects from you as you go through the process. When you know what questions the lender will be likely to ask, you can better plan out your answers and hence increase your chances for success.
Below you may find an infographics by Spodek Law Group that highlights a few key aspects of how to become a perfect mortgage borrower:
- Credit card capacity
- Job stability
- Low DIT (Debt-in-Income) ratio
- Refinancing based on low equity payment
- Patience and dedication
Via: Spodek Law Group