The American dream means many things to many people, but almost everyone can agree that
becoming a home owner is one of their biggest aspirations. Unfortunately, we live in a world with a troubled economy and financial downturn, leaving many Americans unable to meet the necessary requirements for mortgage approval. But, just like any American success story, there is always light in times of darkness. For example, Steve Avrus can help Americans become home owners through different means.
When you speak to a banker about applying for a home mortgage, they will examine five things to determine if you qualify:
- Assets
- Liabilities
- Credit History
- Employment Status
- Income
Since banks are lending you money, they want to ensure that you are responsible with your
money, and currently financially stable. Any negative credit history or current debt can hurt your chances of being approved. Also, a steady source of income will prove to the bank that you can afford to make your mortgage payments as they come in.
In addition to a positive credit history and stable income, banks may also require you have the money readily available for a down payment. Depending upon the amount of the down payment, this can take time.
And even if you don’t reach these bank requirements, you still have a chance.
Avrus Financial specializes in obtaining mortgages for self-employed borrowers to help their customers get approved for a future mortgage.
Steve Avrus, an experienced mortgage home loan specialist for Avrus Financial & Mortgage Services, will help you obtain the real estate financing you need at an affordable financial rate, through a simple process.
First, you will meet with an Avrus loan specialist to discuss the loan and provide the necessary documents to verify your income and long-term debts.
Next, Avrus will review your finances to determine an affordable loan amount. They will then help you find a home within your desired price range.
Once a seller accepts the price offer, you submit a loan application fee and an appraisal fee, along with your mortgage application. Instead of waiting around for a bank to determine if you are able to apply for a mortgage, Steve Avrus will get you started today.
