Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Buying Your Own Home? It Could Be Time to Apply for a Home Loan

By Genny Stutesman Subscribe to RSS | May 29th 2012 | Views:

One of the significant steps in beginning a family is having your very own home. This house will be the place where you will mature with your spouse and where you will nurture your kids together. You envision how it looks and browse real property advertisements until you finally discover "the one". Unless you were born a millionaire or have ample funds, it's time for you to think of a home loan.

A housing loan is a type of loan with several functions. It could be for the buying or improvement of a residence or for investment on a property. You can obtain a loan through banks, lending agencies and mortgage brokers. Because residential loans are a kind of debt, lenders need to make certain that you are qualified and reputable. The question now is, how do you qualify for a housing loan?

Work History and Tenure

Before approving your loan, a lender will assess your work history. If you have been working constantly without long periods of unemployment for two years, it is considered as steady work. As long as you have a steady source of earnings that is enough to finance your loan and monthly expenses, then that will be considered a factor in favor of your application.

Credit History and Score

Credit history is a record of your financial dealings. These transactions might include payment of bills, borrowing and repaying, debit card history and customer loans. Having a clean credit history will boost your opportunities of getting a loan. Just recently, Dallas home loan lenders required a good credit score to be entitled. A credit score is calculated based upon your credit history that represents your financial trustworthiness. A high credit rating implies less risk and it would be easier for you to qualify. Thus, paying your statements on schedule and preventing debts are needed to get a great rating.

Savings for Deposit

Down payment is a part of the loans that you should never forget. The loan provider will want to check your bank statements to assess your monetary status. A check is necessary to determine if you have sufficient finances to cover the down payment. For Dallas home loans, lenders often do this by talking to your bank and confirming how long you have had the account. As soon as your money standing is validated, you will be a lot closer to acquiring that dream home.

Being eligible for home loans Dallas home owners claim might be a "meticulous and daunting ordeal", but the advantages are cherished. For more information on how to qualify for a residential loan, visit

Genny Stutesman - About Author:
For more details, search Dallas home loan, Dallas home loans and home loans Dallas in Google.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

Carpenters London can help improve your home> Please base article around this
Published by Julia Roger on June 18th 2012 | Business
Why not ask your carpenters London to install new flooring to really finish off your room? A brand ...
Manufacture and installation of home surveillance camera——
Published by Guardlyer on April 12th 2012 | Business
Today's security technology is everywhere! With the popularity of the security, the family also cite...
Painters in Melbourne – Gives your home a vibrant feel
Published by Julia Roger on July 4th 2012 | Business
You can also search the internet for painters and take your pick from the numerous search results th...
Setting up a small home based garden
Published by Canberra Marketing on December 4th 2011 | Business
Homeowners usually assume that they need a huge landscape in order to plan out their own garden desi...
How to select office desk for home
Published by Ramawood on January 10th 2012 | Business
Ramawood crafts is a manufacturing and exporting wooden products, wooden furniture, wooden interiors...
Caring for your precious electronics when moving home
Published by Simon Dcruz on March 7th 2012 | Business
Quality moving services in Qatar, advice people to retain the packaging rather than throwing it away...
Get involved in home based travel business to achieve freedom and success
Published by Tom Nagle on December 30th 2011 | Business
To experience complete freedom from routine workaholic life, at the same time to earn a lump sum amo...
Kevin surveillance ip camera home improvement, kid home alone is not afraid
Published by Guardlyer on May 2nd 2012 | Business
Finally, the doors and windows. Doors and windows, then deployed on relatively simple, as long as or...
Make your dream home at the striking locations of Phuket!
Published by Lucy on February 14th 2012 | Business
Have you ever gone to a foreign location and though of having a dream home there to spend your holid...
Getting the appropriate Roll Forming Components Before Creating Your home
Published by David Flambert on August 16th 2012 | Business

U channel and C channel is made commonly of either galvanized steel or aluminum. Companies of ho...
Give unique look to your home with furniture store
Published by Harry on March 14th 2012 | Business
When selecting furniture, choose furniture interior design according to your home or residence. The ...
When you prepare to move to a new home
Published by Glyn Jones Is A Renowned SEO Expert Working For Removal Companies Surrey. They Offer Quick And Safe Packaging Surrey Services And on January 24th 2012 | Business
It can be very stressful moving to a new home. You need to help reduce the stress by starting to box...
Experience Australia in a Motorhome from home
Published by Sudhanshusnv on February 25th 2012 | Business
A australia camper is a one of its kind vehicle that provides both shelter and easy transportation....
Make Hurry in getting the home in Texas, a WONDERFUL PLACE
Published by Dany on February 22nd 2012 | Business
Homes for sale Keller Texas
Buying a home is not an easy job but we can say it is an interesting...
Heat your home today with a Combi boiler
Published by Kellybrook on February 24th 2012 | Business
Combi boilers are heating devices built for both your home heating system as well as for your domest...
A home of your choice at Phuket
Published by Lucy on January 31st 2012 | Business
Austin home relocating company
Published by Austin Larck on April 18th 2012 | Business
Our Austin home moving companies have expert in shifting antique furniture and pianos and musical in...
Could professional Kitchen Design Yorkshire help you get the best out of your home?
Published by Mary Porter on July 24th 2012 | Business
Here at Valentine Furniture we specialise in kitchen design Yorkshire and all of our kitchens are co...
Investing as a home caterer means finding the best kitchen equipment and tools
Published by Adair Sawyer on May 17th 2012 | Business
If you hold parties regularly and you are always the preferred host for most parties and social even...
Austin moving home
Published by Austin Larck on April 18th 2012 | Business
Austin moving companies provide the entire home moving services in Austin. The home moving company i...