Refinance mortgage and discovering more
If you have paid loan payments in full and on time, you have a better chance of getting a loan from lenders. Another factor that will affect the decision of a lender is your intended purpose for the property. Whether you are using the loan in order to purchase your primary residence or an investment property makes a difference, because home loans on a primary residence have a higher likelihood of being paid off. Don't be surprised if lenders will ask for a detailed financial history when deciding if you qualify or not. a W2 form, tax return, portfolios and credit reports could all be included, as well as additional items.