José July 30, 2009 Real Estate , Finance , Info-Buyers Visits: 90 View Comments Print this post Send this post Copyright Jose Ramirez

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F or held mortgages must satisfy the triangle-Equity-Income Credit. This triangle defined by factors that determine whether you get mortgage financing. The better you in each of the factors that define the triangle, more easily get mortgage loans.

The three corners of the triangle are:

• Income: The relationship between real income (taxable) versus the total amount of your monthly debts. This is called the "Debt to Income Ratio (Income vs Debt Ratio).
• Equity: The percent of home equity after financed. The so-called Loan to Value (LTV) or Value vs Credit
• Credit: The average of your credit scores as reported by Experian, Equifax and TransUnion.

Each type of mortgage product has requirements you must meet to obtain mortgage credit. That's why it may be the case qualifies for a loan type to another may not. Only a marketer of mortgage loans may acesorarte about it.

Necesesariamente not have to be strong in each of the three factors that define the triangle. The weakness in one factor may be offset by strength in another. For example, if your credit is not the best, this can be offset by strengths in income or the amount of equity. These are called compensatory factors.

However, there are minimum requirements that there is no compensatory factor that might be addressed. For example, the factor income vs debt must not under any circumstances exceed 40%. This applies to all without exception, even if you have a 20% loan to value or perfect credit.

For more information Write to Vanessa Sepulveda or Eva Carmona . Both are competent professionals with whom my clients have been satisfied.