BLOG 2012 - READY, WILLING, AND ABLE
By Tracey R. Wrisper, "RealtorTraceyW" - Homes for Sale in Leesville LA
(American Dream Real Estate, LLC of LA)
RealtorTraceyW BLOG 2012 Ready, Willing, and, Able You may be ready and willing to buy a home, but the real question is, “are you able?”. Meeting with a Lender will help you find the answer. Here are three things Lenders want to know before they give you a prequalification letter. Do you have a job? What is your credit score? Who do you owe? Employment Verification Employment Verification is a critical component in the lending process. Lenders need proof of employment. Typically lenders are looking to see if you have at least two years of stable employment. There are some exceptions, such as, job transfers. Credit Check Your Credit Report tells Lenders about your credit history. They want to know how many creditors you have. Lenders want to know if you pay yo...
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