Mortgage Hints, mortgage advice and help from Keystone Mortgage Group in Knoxville

1. Get pre-qualified before searching for a home.  This way you will know how much of a home you can afford.
    
2. Make all debt payments on-time (home, car, credit cards, etc).
    
3. Keep credit card balances below half the maximum limit.
    
4. Pay off all small bills and/or collection accounts.
    
5. Lenders like to see borrowers with some cash reserves in the bank.  Start saving now!
    
6. Don't buy a new car before buying a house.  The car payment will raise your debt-to-income ratio and may prevent you from qualifying for a home mortgage.
    
7.  Most lenders like to see two (2) years of consistent job history.  If you're thinking about changing jobs, wait until after you've purchased a home.
    
8. Deposit ALL of your paychecks into your checking account.  If you need cash, take it out in a separate transaction.  Lenders will use your bank statements to see how much money you have coming in each month.
    
9. Keep all records!  This includes bank statements, divorce papers, bankruptcy discharge papers, etc.
    
10. Call Keystone at 865.909.0211 for a FREE credit analysis and pre-qualification.  Or complete a 60-second quick application.