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How to qualify for home refinancing

This article will tell you how to qualify for home mortgage refinancing with The Mortgage Store Online.

To qualify for refinancing, you need at least one of the following:

• Verifiable income
• Good credit
• Equity in property

Verifiable income to qualify for home refinancing

With The Mortgage Store Online, you can use your verifiable income to qualify for mortgage-loan refinancing. Having verifiable income is when you have steady, provable income like employment or investment income.

How does verifiable income help you qualify for refinancing? Mortgage lenders need to know you can pay back the refinancing-money that they lend you for your home real estate. When you can show them you have verifiable income they'll know you can pay them back and will be willing to lend you refinancing-money for your home.

Qualify for refinancing today. Fill out the home mortgage application.

Good credit to get home mortgage qualification

With The Mortgage Store Online, you can use your good credit to qualify for home refinancing. Good credit is when you have a credit score over 680 points (my brokers can look up your credit score for you).

How does good credit help you qualify for refinancing? Mortgage lenders need to know you can pay back the refinancing-money they lend you for your home real estate. When you can show them you have good credit they'll know you can pay them back and will be willing to lend you refinancing-money for your home.

Using your good credit to qualify for home refinancing is a great way to go. Why? Cause you can also get away with not showing your income. If you're self-employed, make inconsistent income or haven't been in an employment position that long, not having to show your income to get a mortgage-loan refinancing can be a relief!

Qualify for refinancing today. Fill out the home mortgage application.

Equity in property to get home mortgage qualification

With The Mortgage Store Online, you can use your equity in other-property to qualify for home refinancing. What's equity in property? It's when you have money invested in a property, whether you completely own it or have a mortgage on it that's somewhat paid off.

How does equity in property get you home mortgage qualification?

If you have equity in property by completely owning another property, you can use it to give mortgage lenders some security in their mortgage lending with you. And when you give lenders security in their lending, they'll usually have no problem lending refinancing-money to you.

If you have equity in property by having a partially paid off mortgage on that "other-property," even that smaller amount of equity gives mortgage lender's security in their lending with you. Even if your equity in that other-property is only 5% of that property's purchase price, it's still enough equity to give lenders security - and make them want to give you home refinancing.

And if you use your equity in property to qualify for home refinancing, you can get away with not showing verifiable income. If you're self-employed, make inconsistent income or haven't been in an employment position that long, not having to show you have your income to get a refinancing can be enlightening!

Qualify for refinancing today. Fill out the home mortgage application.

Find out more about refinancing-article topics, by contacting The Mortgage Store Online's brokers. Just use the refinance contact form or call them at 1-866-880-2577.

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