Are you wondering where to live or what type of home you can afford in North Carolina or South Carolina? We can help you with our Mortgage Estimator tool.
First, know this: when you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. We can help connect you to a preferred lender or talk to you about getting your information ready to qualify for a loan while we start your search for the perfect house. Consider the 'Four C's' lenders look for from an article we found onFreddie Mac website... What is Freddie Mac?Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac's statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.
When deciding whether to make a loan, lenders evaluate the four Cs: