In order to be considered for a loan, you\u2019ll need to meet the eligibility requirements. But from there, how do lenders actually decide whether you\u2019re a worthy borrower or not? In short, lenders assess your application through a process called underwriting. An underwriter\u2019s job is to make sure that you aren\u2019t too much of a risk for the lender to take on. They want to be absolutely sure that they can get their money back if all goes wrong and you default.<\/p>
Here\u2019s what you should know about the underwriting process \u2013 and how to tip the scales in your favour.<\/p>\n