It’s been said owning a home is owning the American Dream. If that’s the case, then a mortgage is typically the way to get there. Obviously with each lender comes a unique criteria, but typically your credit and income are 2 of the biggest factors in being approved a mortgage. You’re allowed to shop for rates and approvals, and sometimes you may be eligible for a special promotion or offer! Interest rates may change daily, and each institution prices loans differently. The home equity loan (HELOC) is similar in factoring score and income, but also takes into account the equity available in your home. A refinance usually takes that into consideration as well. Be sure to seek answers and gain information from your lender about the product you’re applying for. You never know what you’ll learn!