Sarasota Real Estate Real Estate Blog

Key Elements in Securing A Mortgage

Things to Know About Getting Approved for a Mortgage

One of the biggest investments most Americans ever make is buying a home. For most, this is a lifetime responsibility, so acquiring the perfect mortgage can be a nerve-wracking event. To make matters worse, finding useful tips on how to secure a mortgage can be hard. Below are a few tips and things that you need to know about securing a mortgage.

Status of Employment

One of the first things that your lender will want to know about you is the status of your employment. For the most part, lenders want to know how reliable your job is and if you will be able to afford your monthly mortgage payment. They will want to know how long you have been at your current job, if you have multiple sources of income and if you are self-employed. When you talk to your lender,...