You’d think lenders would be thrilled to hand out money to anyone with a pulse and a dream. Spoiler: They’re not. Behind all the "we're here to help you" slogans is a hard truth—lenders have a very specific idea of who they want to lend to. If you don't fit the mold, many of them will happily (and quietly) move you to the “No Thanks” pile. Here are three types of clients most lenders turn away—and what you can do about it.

Closing costs are the fees and expenses you pay to finalize your mortgage. They’re due at (surprise) closing. These are separate from your down payment, and they typically run between 2% to 5% of your home’s purchase price.

If you’re a first-time homebuyer, chances are you’ve heard all kinds of advice—some good, some… not so much. Mortgage myths are everywhere, and believing the wrong ones can slow you down or even keep you from buying a home. Let’s set the record straight and clear up some of the biggest misconceptions so you can move forward with confidence