It’s easy to feel like home buying may not be possible based on your income. Homes are expensive, and it’s not uncommon to hear horror stories about how difficult it is to qualify for a loan, how often borrowers took out loans that were more than they can handle,
Michael Gonzales is a local Wichita “Real Estate / Mortgage Specialist” who actually grew up right here, on the very same streets that he now personally and professionally helps hundreds of families just like yours, to confidently reach out and effectively achieve their “ultimate home owning dreams!”
In most cases, mortgage loan originators look into your past, present, and likely future to determine if you qualify for a home mortgage. They look at your payment history, your credit score (which takes years to develop), your income for the year, and more.
Many of these factors are difficult to change by the time you apply for a home loan.
Mortgage rates are on the rise, and that means if you have been putting off a refinance, it may be time to hurry. The longer you wait, the more likely the interest rates will increase – at least in today’s economy – and that reduces the value of refinancing in the future.