Rilian Ball

First Capital Group

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The Impact of Your Employment History on Mortgage Approval

July 11, 2023 by Rilian Ball

When it comes to applying for a mortgage, lenders take various factors into account to determine your eligibility. One crucial aspect they consider is your employment history. Your employment history provides lenders with valuable insights into your financial stability, income consistency, and ability to repay the loan. Lenders evaluate your income consistency to ensure that you have a reliable source of funds to cover your mortgage payments. They typically request pay stubs, W-2 forms, and tax … [Read more...]

Filed Under: Mortgage Tips Tagged With: Credit Score, Mortgage, Mortgage Loan

Will Pre-Approval for a Mortgage Hurt My Credit Score?

June 9, 2023 by Rilian Ball

Obtaining a pre-approval for a mortgage is an important step when you're planning to buy a home. It gives you an idea of how much you can afford, helps streamline the home-buying process, and strengthens your position as a serious buyer. However, many people worry that the pre-approval process might negatively impact their credit score. In this blog post, we'll dive into the details to determine whether or not a pre-approval for a mortgage will hurt your credit. Understanding Credit Inquiries To … [Read more...]

Filed Under: Mortgage Tagged With: Credit Score, Mortgage, Pre-Approval

Will Pre-Approval for a Mortgage Hurt My Credit Score?

June 9, 2023 by Rilian Ball

Obtaining a pre-approval for a mortgage is an important step when you're planning to buy a home. It gives you an idea of how much you can afford, helps streamline the home-buying process, and strengthens your position as a serious buyer. However, many people worry that the pre-approval process might negatively impact their credit score. In this blog post, we'll dive into the details to determine whether or not a pre-approval for a mortgage will hurt your credit. Understanding Credit … [Read more...]

Filed Under: Mortgage Tagged With: Credit Score, Mortgage, Pre-Approval

Does My Current Debt Affect Getting A New Mortgage?

June 1, 2023 by Rilian Ball

When you apply for a new mortgage, the lender will evaluate your creditworthiness to determine whether to approve your application and what terms and interest rate to offer you. Your existing debt can affect your creditworthiness in several ways: Debt-to-income ratio (DTI): Your DTI ratio is the percentage of your monthly income that goes towards paying off debt. Lenders typically want to see a DTI ratio of 43% or less, meaning your debt payments don't exceed 43% of your gross monthly income. If … [Read more...]

Filed Under: Mortgage Tagged With: Credit Score, Debt to Income, Mortgage

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Rilian Ball


Branch Manager
First Capital Group
NMLS# 202687

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Rilian Ball
NMLS # 202687

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www.nmlsconsumeraccess.org

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