How to Increase Your Chances of Getting a Mortgage?

 


Contractors can take steps to increase their chances of getting a mortgage. However, these measures will vary depending on the type of application and their affordability. But in general, the following steps can help them get mortgages at better rates and conditions or make the mortgage process easier.

•         Improve the credit history

•         Debt to Income Ratio (DTI)

•         Pay more deposits

•         Search and evaluate mortgages (rates, types of mortgages and mortgage term)

•         Contract management

•         Use a professional mortgage advisor

Before submitting your application, AWS Mortgage specialist advisors will review your credit score and provide the necessary solutions to improve it. Depending on your circumstances, they will propose measures to reduce the debt-to-income ratio, and with their extensive experience with contractors' mortgages, they will conduct extensive research in the market for mortgage products.

They compare mortgage terms and provide applicants with the appropriate mortgages for contractors' options according to their circumstances.


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