Tip #1: Save for a down payment for home mortgage loan qualification
Mortgage News - November 10, 2008
It can be hard to not qualify for a mortgage loan right away. It can be down-right frustrating to say the least. But you can get mortgage loan qualification eventually - with some planning.
One way to make sure you can get mortgage loan qualification in the future is by saving for a down payment. A down payment is a sum of money: a percentage of your real estate's purchase price that you pay right away when you get a home mortgage loan. It gives your mortgage loan brokerage's lenders some security in their mortgage loan lending with you. And when you give them a down payment, it can be easy to qualify for a home mortgage loan.
So save your money - some here, some there. Make a budget for your life's expenses and stick to it! You'd be surprised at how much money you can save by just watching your spending. Make a goal to save somewhere between 5% and 25% of your desired real estate's purchase price by a certain time. So if you want some $100,000 home or multi-residential real estate, save anywhere from $5,000 to $25,000. So what if it takes you a couple years? That means you only have a couple more years of renting to go - and then you'll be on your way to owning a home or multi-residential property. So start saving for a down payment today to get home mortgage loan qualification.
Also, learn how to increase your income or fix bad credit for home mortgage loan qualification
Apply Online for a mortgage loan today! Or, get more free information on home mortgage loans, by contacting The Mortgage Store Online's brokers. Just use the contact form or call them at 1-866-880-2577
The Mortgage Store Online, Inc.
54 Vansittart Avenue
Woodstock, Ontario, Canada
Home Mortgages: Phone: 1-866-880-2577 - Fax: 1-866-270-1984
Commercial Mortgages: Phone: 1-866-674-0548 - Fax: 1-866-876-3956
Unsubscribe from this mortgage newsletter, if you wish to no longer receive current news on current mortgage
deals, offers, or rates from The Mortgage Store Online.
Copyright (C) 2008 The Mortgage Store Online, All rights reserved.