Preparing for a Mortgage Loan to Buy a Home

Mortgage lending for the purchase of a home has changed dramatically in recent years. Prior to the Fall of 2007, purchasing real estate with a mortgage loan was possible with minimal documentation and zero money down. In addition, very low credit scores and flawed credit reports were accepted by lenders during the application process for a mortgage. Today, the lending rules are very different and there are several steps that you can take to prepare yourself to apply for a mortgage loan to buy a home.

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