13 March 2008
If you're finding it difficult to secure mortgage financing for your first home, then analyse your level of secondary debt.
If you have a car loan and many other personal loans, you present a greater risk to lenders, who will find little cause to approve your loan. Look at whether your loans have any assets tied to them, and if selling those assets is an option that will pay off your debt, consider it right away.
For more information on mortgage financing for families, please visit our home loans page for our favourite home loan providers.
Mortgage Financing