John moved to Salt Lake City, Utah at the beginning of the year. It was a career move prompted by a salary higher than what he was making at his old job. Making the move has allowed him to buy his first house. And now that he has made an offer and had it accepted, he is waiting on the bank to approve his mortgage.
Have you ever wondered what mortgage lenders look at when considering buyers like John? If so, you are not alone. The average consumer doesn’t fully grasp the mortgage approval and underwriting process. They go into the home buying experience assuming that lenders will beg to give them mortgages.
Unfortunately for buyers, that’s not how it … Read the rest