MOXY Mortgage Tutorial: Understanding Income & Assets
Understanding Two of the Main Factors Affecting your Loan Qualification
MOXY Mortgage Tutorial: Understanding Income & Assets
Some of the major frustrations we see regularly result from a misunderstanding of Income and Assets - two of the main factors that impact whether or not you can qualify for a home loan.
The following tutorial is designed to help you understand in ADVANCE:
- How we determine what funds are available to you,
- How we determine which documents to request of you,
- How we are required to respond when you move money between accounts.
Being aware of these factors before your loan begins will help you avoid costly mistakes!
- For example: Being unable to use the money you were planning to use.
Yeah, it's a big deal, so thank you for paying attention!
PS - The knowledge checks are not being scored. They're here to help you understand important points that have frustrated past borrowers.