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  • Will You Add? - Is Now the Best Time to Buy that House?

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    Your debts are under control. Sure you still make monthly payments on that student loan and that credit card and you s

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    You have a steady source of income. Examine carefully your current cash flow. Qualifying for a home mortgage means you are capable of a long-term payment commitment so you will need to consider your situation years from now. Try to foresee future expenses, plans, job movements and changes.

    You have enough money saved to last you at least three to six months in case your income source is cut or interrupted. This means that you can continue to pay for your mortgage (along with other bills) and the lender has nothing to worry about.

    Your debts are under control. Sure you still make monthly payments on that student loan and that credit card and you st

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    You have enough money saved to last you at least three to six months in case your income source is cut or interrupted. This means that you can continue to pay for your mortgage (along with other bills) and the lender has nothing to worry about.

    Your debts are under control. Sure you still make monthly payments on that student loan and that credit card and you s

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    You have enough money saved to last you at least three to six months in case your income source is cut or interrupted. This means that you can continue to pay for your mortgage (along with other bills) and the lender has nothing to worry about.

    Your debts are under control. Sure you still make monthly payments on that student loan and that credit card and you s

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    or interrupted. This means that you can continue to pay for your mortgage (along with other bills) and the lender has nothing to worry about.

    Your debts are under control. Sure you still make monthly payments on that student loan and that credit card and you s

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    Your debts are under control. Sure you still make monthly payments on that student loan and that credit card and you still haven’t paid up the car loan, but if your debts are consistently paid with no bad marks at least a year or two from today, then you’re looking good. That means you can be trusted.

    Your monthly total debt payments (home mortgage, loans, credit cards) remain below or well below 38% of your gross monthly income. This shows the lender that you are capable of paying responsibly and that a home mortgage will not drive you to bankruptcy.

    If your credit history is less than perfect, it will not automatically disqualify yo

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