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Getting A Mortgage-What Do You Need?

July 30, 2017

Story Location:
1504 Savannah Road
Lewes, DE 19958
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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/

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