A mortgage lender evaluates an applicant's information and qualifications to determine whether they are a good candidate for a loan. Each lender has different standards for evaluating applicants. They look at a borrower's entire financial profile, including income, assets, debt, and credit score. This helps them determine whether the borrower is...
Mortgage refinance is a process that allows homeowners to refinance their home loans at a lower interest rate. The process begins by reviewing the different types of refinance options. The lender will request the same information that you provided when purchasing your home, including your income, debt, assets, and credit score. This information is...
A mortgage lender reviews the information provided by a borrower when considering a loan application. They use a variety of criteria to determine whether or not an applicant is a good risk, as each lender has different standards and requirements. They look at the borrower's credit score, income, assets, and debt, among other things. Mortgage...