Mortgages aren't just handed out like free toasters at a bank. On the contrary, before lenders fork over that big bundle of cash that you need in order to buy a home, they'll size you up carefully to try to determine whether you're worth the risk. And to do so, they'll take a hard look at your financial past, scanning for signs that you're a good or bad bet.
Yup, it can be a stressful process (for you, not for them). But before you freak out entirely, be aware that not all financial misdeeds are created equal. Some are mere blips, while others spell thermonuclear disaster. So which is which?
We always recommend getting pre-qualified with a good mortgage originator. They will help guide you thru a process that will help ease some of the stress. Just let us know and we are happy to assist.