07/28/2023
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Do you know what it means to be "Mortgage Ready"?
A successful purchase mortgage loan is made when the lender and the homebuyer π€ are confident the buyer is ready for the financial responsibilities of homeownership. Understanding what it means to be mortgage ready can help potential buyers learn if homeownership is within reach.
The first step is understanding the factors that make a mortgage-ready buyer:
π³ Monthly debts (compared to monthly income)
π Credit Score
π©βοΈ Credit History (including foreclosures or bankruptcies)
β° Payment History (are payments made on time?)
Ready to find out if your Mortgage Ready? Meet with PRMG today to get the facts that will start your journey towards home ownership.
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