As the years-long real estate slump begins to subside, lenders are still making it difficult for even the most credit worthy buyers to qualify for a mortgage. As a result, it’s become more important than ever to pre-qualify for a mortgage before you go shopping for Homes for sale in Denver. But before you embark, there are a number of ways you can boost your chances of pre-qualifying.

1. Real estate school denver teaches about the benefits of paying down debt, and it’s true for everyone who wishes to secure a mortgage. The key is to reduce or eliminate as much monthly debt as possible, like car payments, student loans, and credit cards before submitting a mortgage application. It’s important to try and reduce your debt to income ratio. But with the mortgage meltdown, lenders are tightening their requirements, some going as far as stating that an applicant’s total housing expenses