Potential real estate buyers and refinancers usually hear mortgage financing criteria are way too that is tight it is difficult to be eligible for a home loan without perfect credit. But just exactly just how difficult is it, actually, to have home financing today?
This will depend on who you ask and everything you suggest, precisely, whenever it is asked by you.
“If somebody is saying than it was at the height of the boom — when there was no income documentation requirement — yes, of course it’s harder to get a mortgage today than it was at the height of the insanity, ” says Bob Walters, chief economist at check city Quicken Loans that it’s harder to get a mortgage today. Read more