Lenders consider many factors before deciding whether to approve applicants. Once you know what they’re looking for, you can boost your chances of getting approved. Here are the five factors that mortgage lenders often consider.
1️⃣ The Size of Your Down Payment
2️⃣ Your Credit History
3️⃣ Your Work History
4️⃣ Your Debt-to-Income Ratio
5️⃣ The Type of Loan You’re Interested In