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General Mortgage Underwriting Guidelines

Debt can be an important tool if managed well. It helps people obtain what they want, manage outflows of money, or it could be a drain on resources. The best use of debt is for large purchases that normally create equity, such as a mortgage when buying a home. The use of debt such as credit cards needs to be actively managed so it does not get out of control.

Common Mortgage Underwriting Guidelines:

Many loan officers use the following rules of thumb in assessing whether a home mortgage will be offered to a borrower.

Mortgage- Rules of Thumb




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