Mortgage Application Credit File

One week before closing, David almost bought a new leather sofa on credit. Luckily, their loan officer stopped him.

Just when they thought they were approved, their file went to the —the financial "detective". mortgage application credit

The cash they had on hand for a down payment and closing costs. One week before closing, David almost bought a

To get past the gatekeeper, the couple had to prove they were reliable through the : The cash they had on hand for a

Through their journey, they learned that a mortgage isn't just about how much you earn, but how you’ve handled credit in the past. 1. The Tale of the Two Scores

Their track record of paying back debts like car loans and credit cards. 3. The Underwriter’s Investigation

Lenders use your score to decide your interest rate . A higher score could save them thousands of dollars over the life of the loan.