26 Things That Will Affect Your Fort Lauderdale Mortgage
I can’t tell you how often I get a call or hear someone say that they are shopping and want to know what my interest rates are. There is much more to a loan then just an interest rate but there is much more to an interest rate then just your credit score and down payment. Let’s go through the 26 items:
- Loan Amount
- Loan to Value
- Combined Loan to Value
- Credit Score
- Credit History
- Escrow Preference
- Closing Date
- Loan Type
- Property Type
- Occupancy Type
- Residency
- Available Assets
- Asset Seasoning
- Co-borrowers
- Debt to income ratio
- Housing to income ratio
- Improvements Needed
- Employment Type
- Employment History
- Documentation Available
- Transactional DI
- Re-castable
- Relocation
- Seller Contributions
- Gifts
- Cash-out
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