The most important aspect when shopping for a home loan are the features and benefits of the loan. After all isn’t that what you look for in a home?
Because lenders use a variety of ways to calculate how much someone can borrow on their income, they all differ in the amounts they can lend. They also vary in the types of income they will take into consideration. These considerations can make tens of thousands of dollars difference in how much the lenders may approve finance for. (more…)