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Don't just prequalify: Get approved

More Articles:

*What is the difference between pre-qualification and pre-approval?
*Do lenders look at income and debt together?
*How can I take advantage of an equity gift?

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Do lenders look at income and debt together?


Absolutely. The two go hand-in-hand. You may be pulling in the big bucks, but if you have a history of spending beyond your means and racking up big debts, a lender won't see you as someone capable of meeting monthly mortgage payments.

 


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