As mentioned before, in today’s market, there are a lot of things that can cause problems when getting a home. Since one of those things high on a lot of lists is the loan, we wanted to give a little information that might help increase the likelihood of a yes or at least strengthen the file.
We are going to be looking at four things lenders look at when deciding on whether or not they should approve a loan. 
Four of these things are:
1. Your credit
2. Your income,
3. Your job and how long you have been there and its stability.
4. Your future income
After going over these four items, hopefully, we can help you prepare yourself to increase your chance of getting that coveted preapproval.
Today, we want to look at your credit. Your credit score is based on your borrowing and repayment history of credit cards, loans, rent, mortgages (things like this) and whether or not you have a bankruptcy in your past.
Something you can do to stay on top of this is to take advantage of the free credit report you can have pulled once a year that won’t affect your credit.
This report will keep your current on the activity on your credit and if there is any suspicious or fraudulent activity going on. Plus, it gives you the opportunity to check for mistakes.
Probably the best way to stay on top of this is to pay your bills on time and in full starting today!
Next, we will be looking at your income and how this affects your approval.
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