Jaelynn Asks… What do I need to know about qualifying for a mortgage?

When you purchase a new home or refinance your existing home, there are four major factors for mortgage qualification. Our expert team of loan professionals can help you analyze this information to determine what programs are best suited to your situation.

1. Income How much do you earn? Are you Self Employed?
2. Credit History   Have you managed your debts in a credit worthy manner?
3. Equity or Down Payment How much cash or liquid assets do you have to put towards your purchase or what is the ratio of your current loan balance versus the value of your home?
4. Debts & Obligations  Do you have excess debts, such as car loans and credit card debt, which limit the monthly mortgage payment you’re able to make?

Based on the answers to these 4 questions, we are able to help you determine your ability to qualify and what loan program might be the best for you and your family. ALMC can help – dont hesitate to call us at 303-696-6933!

Meet Cheryl!

About Cheryl

As a successful business owner and community leader, Cheryl Braunschweiger is known and respected for getting things done with a degree of skill and enthusiasm that bring out the best in those around her - colleagues, clients and friends. The name of her business, ALMC Mortgage, reflects Cheryl's philosophy and personality. She says it stands for All Loans Must Close –a reflection of her determination to do whatever it takes to serve her clients. Cheryl has been in the mortgage lending business for 20 years. Read More About Cheryl
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