 TITLE: How a Personal Loan Can Affect Getting a Mortgage CONTENT: How Can I Increase My Chances of Getting a Mortgage?\n----------------------------------------------------\nIn most cases, having a personal loan won't make or break your chances of getting approved for a mortgage. If you're worried, however, there are plenty of other things you can do to increase your chances.\nFor starters, work on getting your credit ready for a mortgage by checking your credit reports and scores to see if there's anything you need to address before you apply. If you find any issues, waiting until you can improve your credit could save you thousands, if not tens of thousands, over the life of a mortgage loan.\nSecond, avoid taking on new credit leading up to your mortgage application. The last thing you want to do is to increase your DTI even further. And if you have time, consider working on paying down some loans and credit cards to potentially decrease your DTI.\nFinally, consider taking some time to increase your down payment amount. The more money you put down, the less of a risk you pose to mortgage lenders, potentially increasing your approval odds. END