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Haley Palmer WIN Central Oregon

Financial areas to fix before applying for a mortgage

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When you're shopping around for mortgages, lenders can be very detailed. Following the housing market crash nearly a decade ago, lenders have become much more strict when giving out loans.

To make the process easier, make sure these financial areas work in your favor.

Your credit score is a big indicator of reliability. Try to at least get your score up to 740, or maintain it at that level.

Lowering your debt to income ratio will help show lenders you aren't taking on too much debt. Pay off any outstanding loans and credits to lower your DTI.

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