Do I Need Perfect Credit and No Debt to Qualify For A Mortgage?

What is perfect credit? There is no such thing as “Perfect” credit. Your credit score is based on a few factors: Payment History, How much is owed, Length of Credit History, New Credit Applications, and Types of Credit Used.

As your mortgage agent, I will factor in your score as well as your current debt load to qualify you for different products. There is no perfect formula for credit granting. I take the information available and factor in what is affordable and manageable for you, my client. I want to ensure that you can financially sustain the purchase of your home.

*In one of my future blogs I will explore the above breakdowns for more clarity.

Every borrower is different. Borrowers have different incomes and savings, they have different needs and wants to ensure they are getting a product that fits with their end goals. As your agent, I will take the time to discuss your needs, assess the products I have available, and then advise you on what would work best for you?