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(English) What’s First? The House or the Mortgage?

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6 comentarios
  1. First Capital
    First Capital Dice:

    During the housing boom, millions of homeowners got easy access to mortgages they couldn’t afford.

    Borrowers today are becoming more educated on the real facts underlying the loan approval process and requirements. There has also been a greater movement toward improvement of credit scores and the types of loans offered with how the terms might vary.

    Homebuyers are researching effective ways to save the greatest amount of money on their mortgage and improving their chances of a smooth mortgage approval.

    Lenders are offering a greater number of loan programs available that can be tailored to suit the needs of each borrower and their specific needs.

    Homeowners looking to refinance are learning that they do have options for financing when it comes to lower credit ratings and the possible lack of equity in the residence current property.

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  1. […] I am always fascinated by mortgage underwriting “standards” when they don’t even take into account some very large variables that affect an applicant’s cash flow, and thereby, their ability to repay the loan or maintain a lifestyle they want. Read More. […]

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