It can end badly if you don’t know what you’re doing.
If you want a good mortgage, you should have an excellent work history. Many lenders insist that you show them two work years that are steady in order to approve your loan. If you switch your job frequently, you may end up denied. Also, be sure you don’t quit or switch jobs when in the loan process.
Avoid borrowing the largest loan amount for which you qualify. Consider your lifestyle and spending habits to figure out how much you can truly afford to finance for a home.
If you are underwater on your home, try refinancing it again. The federal HARP initiative has been adjusted to permit more people that own homes get that … Read the rest