| Your credit history or
credit profile is extremely important to you, because it significantly
affects your ability to get a mortgage. Because a home mortgage
involves lending a large sum of money, lenders look at how you've
paid other loans and debts to indicate how you will repay your mortgage.
When your credit is less than perfect, all other qualification criteria
such as equity, stability, income, assets, and so forth, play an
even larger role in the approval decision. |
