Good Credit Alone Isn't Always Enough to Get a Mortgage --SPONSORSHIP

Bills have been paid on time without ever paying a late fee. Check. No outstanding credit card debt. Check. A two-income family with investment income. Check.

It sounds like this couple will pass the smell test for a mortgage without any problem. And that's a problem, says Todd Huettner, a mortgage broker based in Denver. "You have to have good credit to get a loan, but having good credit won't get you a loan," he says.

In other words, it's not enough these days to have a credit rating above 740 to refinance to buy a home. "Now, it's just a starting point," he says. "You have to have really good credit. But it's not a done deal if you do."

Huettner and other mortgage brokers say that they are spending a lot of time explaining to clients what else they need to have in order to prove to lenders that they are credit-worthy.