The Role of Your Lender
The right fit between lender and
mortgage products furthers your
financial goals. Your lender
will counsel you about the best
mortgage product for your
financial profile. You should be
candid with your lender about
the specifics of your financial
information and share future
goals and explore any concerns
about your mortgage.
Your lender weighs how much
money you have, your debt load,
and your income. Other
considerations should be the
likelihood of a significant
change in your income, future
financial goals, your ability
and willingness to save, your
spending habits, and how mobile
you will be in the near and long
term.
The property itself may
influence your choice. A
property in need of major
repairs may dictate the balance
between the money for down
payment and funds designated for
repairs. Your lender can provide
the best advice when you've
provided a true picture of your
situation.
Your lender provides the pathway
to your mortgage by packaging
information to showcase you to
the underwriter. If your credit
is tarnished, your lender can
help you clear it up. If your
credit has been damaged, your
lender can work with you to
design a repair strategy and
obtain a mortgage at a later
time.
