The Los Angeles Times reports that many potential home buyers think they need near-perfect credit scores to get a home loan. But, as lenders loosen underwriting standards, it’s easier to get a home loan than you believe.
Read the Los Angeles Times article: Mortgages may be easier to get than potential home buyers believe.
Are you on the home-buying sidelines this spring because you think you won’t be able to qualify for a mortgage? Do you know what sort of FICO credit scores are being accepted by lenders at the moment — they’re lower than they were a year ago — and whether yours could now be good enough?
You may be part of the surprisingly large crowd of folks who fear the home-loan unknown. A new national consumer survey found that 56% of potential purchasers of homes say they’re out of the market because they don’t want to face the possibility of rejection by lenders. Even 30% of current homeowners believe that they wouldn’t pass muster today.
Pre-Qualify for a Home Loan
If you are thinking about buying a home, you can pre-qualify for a home loan in just a few minutes.
Just call us at (866) 910-8020, or send us an email. We will review your finances, and you can pre-qualify in minutes.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
