Qualifying For a Mortgage

Being a professional moving company, you start hearing a lot about real estate. These industries kind of go hand in hand. And with the most recent real estate shift, it seems like everyone’s an expert. But then, not really, so the local Jacksonville movers are here to tell you how to qualify for a mortgage. Because besides finding the perfect home, you also need to be able to afford it and purchase it. Banks scrutinize what is called in the industry the big C’s. That’s credit history, capacity and collateral. The All My Sons of Jacksonville team remind you that lenders will dig deep into your debt repayment history and examine your credit score. Capacity is all about income, savings and investments while collateral stand for how much you’re putting as a down payment and the value of your property.


To get a loan, you’ll have to show proof of employment of two years, so that the banks can predict how likely it is that you will keep that same employment and income. So, before you get a mortgage, you might have to strengthen some of these areas, possibly repaying debts or having a larger down payment.