 TITLE: How to Get Your Credit Ready for a Mortgage CONTENT: Additional Ways to Improve the Odds of Mortgage Success\n-------------------------------------------------------\nCredit is a major factor in determining your ability to get and afford a mortgage, but it's not the only influence. Some other approaches you can take to boost your chances of mortgage success include:\n*   **Save for a larger down payment.** Lenders love borrowers who demonstrate good savings discipline, and the more cash you have to put down on your new home, the less you'll have to borrow—and the less you'll spend over the course of repaying your mortgage.\n*   **Resist seeking more house than you need—or can afford.** There's more to being able to afford a house than simply covering the monthly mortgage payments. You'll need some money in reserve each month to cover house-related maintenance and repair costs, in addition to everyday family-related expenses that often accompany homeownership. Take care to be realistic about what your savings and income will support, and shop for a home accordingly.\n*   **Consider using a mortgage broker.** If you're not getting mortgage offers you like through the traditional loan application process, working with a mortgage broker who's familiar with multiple lenders and their target borrowers could help match you to a lender and a loan that suits your needs.\nTaking steps today to prepare for mortgage applications in the coming year can make a significant difference in the number of mortgage offers you receive, and the total amount you'll pay on your mortgage loan. Putting your best credit profile forward can mean big savings as you begin the process of buying a new home. END