Mortgage 101: Breaking Down The Basics – Forbes – · What should buyers be prepared for when applying for a loan? “Every mortgage situation is different, so there’s really not a one-size-fits-all list of requirements.
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How to Choose the Best Mortgage – although many lenders do require at least fair credit, defined as a score of 580-669. Borrowers also do not have to pay for private mortgage insurance or Mortgage Insurance Premiums (MIP) if they take.