Want To Qualify For A Better Mortgage...What To Do?!

[Cameron Chambers]

Hello all! I am a young 22 year old and I work full time as a Sales Rep (salary+commission). With the info I received so far, I am able to qualify for a mortgage of about 225k. Given the current market prices, this is not ideal haha.

Is there anything that I can do in order to raise this number? Aside from getting a co-sign?

[Chris Baxter]

@Cameron Chambers  was this information provided to you by a lender, or are you making your own assessment?  I'd recommend that you chat with a mortgage broker for confirmation and make sure that your income (with a commission component) has been properly recognized.

In addition to your income and credit score, lenders will look at your ability to service debt.  If you have outstanding credit card balances, car loans, or other debt, this will impact your ability to borrow.