Tuesday, October 1, 2024

Here are three things to consider when applying for a mortgage:

🚫 Avoid buying large items on credit, like a new car or expensive furniture, as this can affect your credit score and debt-to-income ratio.

🚫 Stability is important. Switching jobs or careers during the mortgage process can raise concerns about your financial stability and affect your application.

🚫 Check your credit report for errors or outstanding debts that could impact your mortgage approval. Address any issues before applying to improve your chances of securing a favourable rate.

Staying on top of these factors is key to a smooth mortgage application process. Questions? Drop them in the comments!

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Posted at 11:40 AM