IK Financial Metarials
Mortgage

What lender is looking at when you are qualifying for a mortgage?

Most lenders look at five factors when determining whether you qualify for a mortgage:

🔹Income - lender will consider Your total combined household income
🔹Debts - including but not limited to monthly house payments as well as payments on all loans, credit cards, child support, etc.
🔹 Employment History - a history of steady employment, usually within the same job/industry sector.
🔹 Credit history - established and clean credit is also very important when applying for a mortgage.
🔹 Value of the property you wish to purchase - the lender will also want to ensure that the property in question meets all requirements pertaining to value, location, and condition.
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Conveniently book an appointment with one of our Mortgage Agents at ikfinancial.com
Or call us today:
Inna Bogdanov 416.268.0004 | Inna@ikfinancial.com
Katerina Markevich 416.388.8153 | Katerina@ikfinancial.com