Financing House -

Before applying, lenders evaluate your "4 C’s": (ability to repay), Capital (savings), Credit (history), and Collateral (the home's value).

Lenders look at your Debt-to-Income (DTI) ratio. Ideally, your total monthly debt payments (including the new mortgage) should be below 36% to 43% of your pre-tax income. Save for Upfront Costs: financing house

Higher scores (typically 760+) secure the best interest rates. Most conventional loans require a minimum of 620 , while FHA loans may go as low as 500–580 . Before applying, lenders evaluate your "4 C’s": (ability