http://www.longislandexchange.com/profilesLong Island Exchange http://www.longislandexchange.com/profiles/rss.php?header=blogs&id=226 http://www.longislandexchange.com/profiles/rss.php?header=blogs&id=226 Getting Approved for a Mortgageby Somerset Mortgage Lenders: The Brains, The Courage and The Heart to Make Your Dreams Come True http://www.somersetmortgagelenders.comSomerset Mortgage Lenders and Gregg Marcus strive to keep the public educated with tips meant to make getting your loan as easy and painless as possible. To this end, they have put together this brief article on getting approved for a mortgage.The following are the primary factors taken into consideration when determining whether to approve or deny a potential homebuyers application for a mortgage!Property Value: An appraisal conducted by a licensed professional and based upon the both the current condition of the home and the relative selling price of comparable homes in the area tells the lender the value of the property you want to purchase. The lender uses this information to determine whether the home is actually worth the price youve offered to pay for it.Credit: This includes your credit history and your current ov ..... Wed, 15 Jul 2009 09:07:40 -0500