A recent post on our blog reveals what you actually need to get a Mortgage from Fannie Mae’s recently released study, “What do consumers know about the Mortgage Qualification Criteria?” The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.
“What do consumers know about the Mortgage Qualification Criteria?”
The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.
Some of the top revelations are
- 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
- 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back-End Debt-to-Income (DTI) ratios is
A Recent article posted on Keeping Current Matters reveals what you actually need to get a Mortgage from Fannie Mae’s recently released “What do consumers know about the Mortgage Qualification Criteria?” Study.
The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.
Here are top revelations:
- 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
- 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
- See more at: http://blog.activeadultsdelaware.com/2016/02/23/what-you-actually-need-to-get-a-mortgage/#sthash.pP17hIMY.dpuf
Read the rest at http://blog.activeadultsdelaware.com/2016/02/23/what-you-actually-need-to-get-a-mortgage/