What it takes to get a Mortgage

If you're thinking of financing the purchase of a home, take a look at today's requirements for a mortgage.

• Plan to put a cash down payment of at least 20%.
• Your debt to income ratio should not exceed 34%.
• You will likely need 30+ days to finalize the purchase.
• The higher your credit score, the lower you interest rate. Work to get your rating over 750.  

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