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Infographic – Do I Qualify For A Mortgage Loan?

Mortgage-Flowchart do i qualify for a mortgage loan 1

If you are having a hard time qualifying for a mortgage loan, there are a few things you can do that will increase your chance of approval. You can either wait and work on fixing your credit by paying down existing debt and start saving on your down payment, or you can find a cosigner with a better credit score and higher income to take partial responsibility in case you are not able to continue making your loan payments and can be certain that this individual will help you out.

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About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. .
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