It’s getting harder to be approved for a mortgage

Some buyers might struggle to gain approval for a home loan as lenders are starting to tighten their credit standards. The Mortgage Bankers Association said that mortgage credit availability, which is a measure of lender’s willingness to approve a home loan, is now at its lowest level since 2014. “Because mortgage credit is more difficult

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Will Your Down Payment Buy You A Home?

If you’re anticipating buying your first home you can add one more hurdle to jump if proposed legislation affecting home ownership is approved – a bigger down payment.

Venture West’s $7.8 Million Saves Cali Apartments

Venture West funding helps rescue 4 apartments out of economic hardship. With help from Greystone Servicing Inc., almost $8 million is secured for a private owner who needed emergency finance. The four complexes have almost 100 percent occupancy, and 7 and 10 year financing was needed to save this business.

Big Banks Face Their Toughest Foes – Almost Everyone

Legislators are now being confronted not only by borrowers who say banks are to blame for their foreclosure situation, but investor groups who stand to regain billions. In Washington regulators stand poised to put the screws to the banking industry.

Why Is a Tip Top Credit Score Important?

It is no secret that today’s economy is as challenging as at any time for the potential home buyer. Forget what sellers are going through now, if your credit is even a bit tarnished you may stand little or no chance of buying a home. And this is the way it may be for the foreseeable future. Here are some tips about credit you may not know.

Mortgage Crisis: When “Next Time” Arrives

The economic crisis has been blamed on everything from Wall Street conniving to sun spots, but in truth the biggest part of the recession is due to overinflated credit expectations. Loan approvals which never should have been given the stamp of approval caused borrowers and banks to fall into a deep crevasse of debt. The solution for budding homeowners is simple, ensure your ability to buy and maintain your home.

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