Factors Affecting Lending Approvals

Thinking about a home loan, but concerned you may not be approved by a lender? Wondering whether you can do anything about it? Knowledge is power. The more you know about lending decisions, the more confidence you gain. At Countrywide Bank’s Full Spectrum Lending Division, we’re happy to share our knowledge with you.

Factors affecting lending decisions include:

These are the 4 major elements that affect your chances for a loan approval. Click one to find out more.

• Your Financial Situation
  Lenders like to know you can repay the loan without suffering financial hardship, and that you have a good track record for repaying debt.
• The Home You're Buying or Refinancing
  Is the home worth the money you're paying for it? Lenders have to know this—and you should too!
• The Type of Loan
  Each type of loan has its own guidelines for qualification. Where one loan might not work for you, another might.
• The Lender
  Not all lenders are alike. Some have more flexible guidelines than others and more customer-friendly lending philosophies.

Need more information? Give one of Countrywide’s experienced Home Loan Consultants a call at 1-800-909-8217 . Call today for a FREE, no obligation loan consultation.

Are you worried that your credit history might prevent you from getting the home loan you need? At Full Spectrum Lending, we specialize in helping people put financial difficulties behind them, and have loan options specifically designed for people who are making a credit comeback. Even some people who have been labeled as having "bad credit" by other lenders can qualify for a prime home loan with Countrywide.