According to this latest CNN Money Article – the rates are low but that doesn’t mean everybody’s a shoe-in for a refi. One mortgage lender claimed he’s turning away 60-75% of applicants because they cannot qualify.Underwriters are being more strict on lending requirements because banks are having a tougher time selling the mortgages (or validating that the mortgage is a good investment) for the secondary markets. Read more.
Related Posts
First-Time Buyers, Here’s What You Should Know About A Home’s HVAC System
Savvy home buyers know that some of the most important things to check are the ones you don’t admire at…
Spokane WA: 72nd Cheapest Place to live in the U.S. [Tell your friends]
Wow, just read a great Forbes article. Spokane ranks 72nd on the top 100 cheapest places to live, indexed by…
7 Signs You’re Ready To Stop Renting and Finally Buy Your First Home
While there’s certainly a huge debate on renting vs buying a home, no one could argue that it’s a major…