Lowest Mortgage rates in Pasadena

Pasadena CA Mortgage Rates - Find Home Loans in Pasadena

The principle of mortgage rests on three pillars. If these three pillars are being maintained by you properly. You will qualify for the lowest mortgage rates in Pasadena.

• Borrower’s willingness to repay the mortgage
• Borrower’s ability to repay the mortgage
• Borrower’s collateral.

Willingness is assessed through your credit report. With all the debts that you have taken, How are you managing them and are you paying the debts on time. That reflects willingness.Borrowers ability is your income documents, Whether you are Self employed or employed on a W-2. How much income you are making. How much do you report to IRS. Is your income stable and in the same line of business. Banks do not care of there are breaks in job as long as it’s the same line of business and consistency in business income.

 Two years of employment history be it self employed or on job is required.The last is the collateral or your home value and how much you are borrowing against your home.The combined effect of these three will determine your interest rate, mortgage product. No matter which way you slice it or dice it. It all comes back to the above three rules or the three golden rules to mortgage.

For Pasadena mortgage borrowers you need to connect to Pasadena mortgage expert to help you with your mortgage. Assess your need and look into the financial aspect to your mortgage.

For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower or If Texas Mortgage Borrower call 713-463-5181 EXT 154

Article by Roger Shanker