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Today we're talking with a mortgage expert to discuss the most important factors that lenders look at when determining whether you qualify for a mortgage. Selling your home? Get a free home valuationBuying a home? Search all homes for sale on the MLSToday I wanted to talk about qualifying for a mortgage, so I've brought in Bryce Bishop of Citywide Home Loans to help me explain. According to Bryce, there are three main parts when it comes to qualifying for a mortgage. Because of the downturn in the market from a few years ago, credit is the number one factor that lenders look at. It's imperative that you get with a mortgage professional who will pull your credit and have it analyzed to make sure you're credit-worthy for a mortgage. If you're not, they can help you put yourself in a position to repair your credit and qualify for a loan down the road.“Lenders will consider three main factors to qualify for a mortgage. ”  Another key thing a lender will look at is your debt-to-income ratio. They will consider your income to make sure that you're not borrowing too much to handle. This is an easy ratio to figure out that nearly any mortgage professional can help you with, Bryce says. Additionally, they will look for a solid two-year work history and rental/mortgage history. They want to make sure you won't have 'payment shock' by going from a small payment to a much bigger one. If you have questions for Bryce or you're interested in seeking a mortgage, you can call him at 435-590-3613.If you have any real estate-related questions regarding the Southern Utah market, feel free to give me a call for send me an email. I'd be happy to help you!