areabasket.com » mortgage lenders http://www.areabasket.com Wed, 08 Feb 2012 09:28:08 +0000 en hourly 1 May I Get a Mortgage As Following a Debt Management Plan? http://www.areabasket.com/may-i-get-a-mortgage-as-following-a-debt-management-plan/ http://www.areabasket.com/may-i-get-a-mortgage-as-following-a-debt-management-plan/#comments Mon, 20 Sep 2010 10:03:41 +0000 admin http://www.areabasket.com/may-i-get-a-mortgage-as-following-a-debt-management-plan/ Are you having a debt management plan and waiting for its completion to obtain a mortgage for you and your family? If yes then you should know that your debt management plan does not stop you acquiring mortgage in any scenario. But as long as mortgage lenders are related they can take it a unhelpful element in your financial record and can decline to give the facility or can charge higher interest rate for mortgage.

So it is advisable to make your DMP payments on timely basis for at least more than 1 year to show your economic responsibility before your mortgage lender to get a good deal in this case.

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