Retirees Fall Foul of Tight Lending Standards



Decreased monthly incomes among retirees are making it more difficult for people in this age group to buy homes, as many are now unable to qualify for a mortgage now that lending standards have been tightened up.

Just Who Does Qualify For a Loan These Days?



The answer? Not many, that’s who… While mortgage rates are being advertised as the lowest in a lifetime, the simple fact is that thousands of prospective buyers will never qualify for them.

Borrowers Face “Interrogation” From Mortgage Lenders



The majority of consumers fail to realize exactly what lenders will ask them about when it comes to applying for a mortgage loan, and as a result, many borrowers are shocked about some of the things that banks will ask of them.

Mortgages Harder Than Ever to Obtain



Mortgages have become notoriously difficult to obtain, even among some of the most creditworthy borrowers, and lending standards are unlikely to be eased any time soon, according to Federal Reserve Chairman Ben Bernanke.

Federal Reserve Move May Reduce Interest Rates Further



The Federal Reserve is to try a new strategy in its attempt to reduce business and consumer borrowing costs and encourage economic growth in the U.S., in spite of Republican pleas not to expand its stimulus program any further, reports the New York Times. Last Wednesday the Federal Reserve said that over the next nine […]

Is Now Really Such a Great Time To Buy?



“Now is a great time to buy” Yeah, we’ve heard that so many times over the last few months, and no doubt so have you. We wouldn’t be surprised if you were actually sick of hearing it, it’s been repeated so much over the last few months. But, according to Zillow at least, now really […]

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