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How to get a mortgage approval
Your goal as a potential home owner, is to find a mortgage program where the mortgage payment will fit your budget. Since the early 2000's to 2004 time period, mortgage underwriters guidelines have considerably tighten. This was due to the high mortgage foreclosure's that were engulfing the national crisis.
Mortgage underwriters will review your credit profile to determine your qualifications for your mortgage application. Underwriters will review your credit payment history, your debt to income ratio, your current assets, to verify that you can qualify for a mortgage program approval.
