If you are looking to purchase your first home, it is very important to have a clear vision of your financial situation. In order to make an informed decision, one should definitely have complete knowledge regarding the mortgage process. Here are three things that you should know before shopping for a mortgage company. Pre-Qualification/ Pre Application Process: First, mortgage lenders in Sacramento will ask you to give them a copy of your credit report. If any errors occur, that could delay your approval process, leading to a risk of a higher interest rate. Also one should understand the debt-to-income ratio. Always try to make a higher down payment so that you’ll have to borrow less for the monthly payments.
http://wcmtg.com/blog/licensed-mortgage-lenders-in-sacramento-are-there-to-help-you/
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