In this episode Migdalia Pérez explains the most common reasons rental applications are denied — insufficient or undocumented income, credit-report issues, prior evictions or unpaid rent, HOA or association restrictions, background checks, incomplete forms, or simply a stronger applicant.

She outlines practical next steps: ask why you were denied, check and dispute any consumer-report errors, gather and organize income documentation, consider a different price range, and work with an agent to pre-screen applicants before applying again.

In this episode we break down the most common reasons rental applications get denied: income and documentation gaps, credit or background issues, rental history problems, association rules, incomplete applications, or simply a stronger competing applicant.

We also explain what to do next—ask why you were denied, review and dispute any screening reports, organize your paperwork, adjust your search or budget, and get help from an agent so your next application has a better chance.

Welcome to Explícame the Real Estate. The episode answers the question: should you get prequalified before you start looking for homes? The short answer is yes—know your real numbers first so you don’t waste time or fall for a house that won’t fit your budget.

The host explains the difference between basic prequalification and fuller preapproval, why the home price isn’t the same as your monthly payment, and how early verification uncovers issues you can fix. Get a realistic price range, an estimated monthly payment, and an idea of how much cash you’ll need before touring properties.

In this episode, loan officer Migdalia Perez explains why you should get pre-qualified before you start looking at houses, how lenders evaluate income, debts, credit, funds, and loan programs, and why the listing price is not the same as your monthly payment.

She clarifies the difference between pre-qualification and pre-approval, shows how early qualification can uncover issues and expand your options, and advises asking lenders about your estimated monthly payment and how much cash youll need to close so you can shop with a realistic budget and stronger offers.

This episode explains how self-employed individuals can qualify for a mortgage, covering conventional and FHA options as well as alternative programs like bank-statement loans and profit-and-loss (P&L) documentation.

Learn what documents lenders consider, why tax deductions can lower reported income, and practical steps to prepare your finances so you know which loan program fits your situation.

This episode explains how self-employed people can qualify for a mortgage, why tax deductions may make tax returns show less income, and how alternative programs like bank‑statement loans or P&L documentation can help.

It also outlines factors that affect eligibility (credit, debts, assets, down payment, time in business) and advises reviewing your finances and documentation options before shopping for a home.

In this episode of "Explícame the Real Estate," Migdalia Pérez explains that bad credit doesn’t automatically prevent you from buying a home. Lenders evaluate your full financial profile — income, employment, debts, funds and loan type — and programs like FHA may allow lower scores with different down payment options.

She shares practical steps: have a mortgage professional review your situation, fix errors on your credit report, reduce debt or build credit over a few months, and weigh options to improve interest rates and terms. Don’t self‑reject — with the right plan, homeownership might be closer than you think.

In this episode we answer the question many people fear to ask: can you buy a house with bad credit? The short answer is often yes—credit matters, but it’s not the only factor lenders consider.

We explain how lenders evaluate income, employment, monthly debts, available funds and the specific loan program. You’ll learn about FHA options (including potential qualification at 580+ with a 3.5% down payment), lender overlays, and why the score on your phone may differ from the one used to qualify you.

Instead of rejecting yourself, the episode shows practical next steps: talk to a mortgage professional, identify targeted improvements (pay down a card, correct report errors, reduce debts), and consider timing—sometimes three to six months can make a big difference. Credit also affects rates and terms, so the right strategy can save you money.