Factors Mortgage Lenders Consider – SmartAsset

Things have tightened up in the housing market since the housing crisis and lenders are looking at mortgage applications more closely. Lenders consider many factors before deciding whether to approve applicants. Once you know what they’re looking for, you can boost your chances of getting approved. Check out five factors …

What exactly happens when a mortgage lender checks my credit? – CFPB

What exactly happens when a mortgage lender checks my credit?   Answer:   The credit check is reported to the credit reporting agencies as an “inquiry.”   Inquiries tell other creditors that you are thinking of taking on new debt. An inquiry typically has a small, but negative, impact on …