How To Lower Your Mortgage Payment
- By
Julia Austin
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Lenders are looking at every part of your finances – they’re looking at a full package to determine your ability to pay off this loan. They’ll be most concerned with a monthly income that you’ll show through pay stubs, 1099s, tax returns, and W-2s. But they’ll also be interested to know if you have substantial savings. If you are struggling to qualify, don’t forget to let lenders know about all of your assets. If you have any retirement accounts, brokerage accounts, or treasury accounts, they should know about it.
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