Loans companies today will ask more documentation from you to get just the loan approval, stated mortgage loans are almost non-existing anymore, so now you need to make sure that you will have a good income and enough money in your bank account to make payments for few months so the dti (debt to income) ratio will stay low.

Lenders loans have higher requirements now days, today you have to do two things before you will get a loan from a lender:

1. Make sure your mortgage broker or the loan company you are dealing with know the lenders guidelines for your specific loan scenario.

2. If you dont know a mortgage broker or any loans companies, educate yourself before approaching a broker or any lender out there to help you.

How to know who is the right mortgage broker for you? First option is to find out information from internet. We have tried to furnish some useful information regarding this. Check the information about mortgage companies; how they started their business, who owns it, what is their proven record of success, etc. Also you can find a lot of information on websites like the better business bureau or your local chamber of commerce, you will know so much by talking to these companies.

Second option is to ask your friends and family to recommend you a mortgage broker or a loan company they have worked with in the past. You must also know that every lender can provide you with different types of loans, you will not find a loan construction in a bank that is lending loans for businesses only, as you might also not go to a residential mortgage bank to ask for a commercial mortgage loan.

Lets think about the past 4 years and today, lots of people got into bad loans, lots of people just didnt know that they are getting screwed by the loan officer they always trust, and after they signed their loan documents and got their first payment they were wondering why, how and who is responsible for this to happen. Its all your fault, if you had the knowledge to understand what you are signing, if you had the knowledge about the person you were dealing with all this would not happen.

So the only thing we have to do today is to learn from the past and correct the mistakes you have done in the future. A lot of people waste to much time thinking about why they did their mistakes instead of thinking how not to do them again, so learn and even learn some more.