Stop Assuming. Start Asking.

How many times have you made financial assumptions? Once? Twice? A billion times? The fact of the matter is that we all make financial assumptions in our daily lives. We assume that we are not financially stable enough to buy our dream home or to even pre-qualify for a mortgage loan. Making financial assumptions has to do with some kind of rash decision we made when we were younger. We really wanted the new iPhone and decided that it was worth over drafting our bank accounts for. We've all seen those really persuasive commercials that tell you "Now is the best time to buy".

It's no secret that what you do in the past may come back and bite you in the future. That's a part of life. Its called a learning curve. Why should that stop you from finding out if you are eligible for a home loan? The answer is quite simple. There are several factors that impact your chances of obtaining a home loan. Not every rash decision you have made in the past will effect your chances. The only way of finding out if you are eligible for a home loan is to ask a lending professional. That's where Valley West Mortgage comes in.

Just because you have a low credit score, a recent car payment and a few student loans, does not automatically disqualify you from becoming pre-qualified for a home loan. Although all three of those scenarios may count against your debt to income ratio, also known as DTI, it does not mean that you are out of the game. As long as you have a decent credit score and you can prove that you are able to repay your loan back on time, you may potentially qualify for a home mortgage loan.

Not being able to repay a mortgage loan is one of the top reasons why most home loan applications are denied. Instead of financial assumptions, you should reach out to a mortgage lending professional by calling or simply filling out the contact form below, to see if you can be considered for a home loan today.

Note: Not all applicants will qualify for a home loan. There are several factors that are taken into consideration for determining if one may qualify for a home loan. Please consult a mortgage lending professional if you have any questions.

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