The Northwest Herald in Crystal Lake, Illinois is one of the latest news outlets to report that lending standards are loosening, and consumers are still unaware that it’s becoming easier to get a home loan.
Read the Northwest Herald article: In hunt for profits, lenders loosen squeeze on mortgage standards.
Lenders are slowly easing the standards needed to score a home mortgage, a trend that – coupled with down-payment incentive programs – is opening the market to more buyers, local bankers say.
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