Archive for the tag "standards"
Despite the rosy talk of an improving real estate market, lenders are not quite ready to ease up on the tough standards they have put in place since they woke up and realized they were dishing out mortgage loans that many borrowers could not afford just a few short years ago. The current situation leaves [...]
With interest rates lower than they have been in years, many would-be home buyers are finding out that it’s often not easy to get into a new home with one of these new low-interest mortgages. The whole economic meltdown has lenders scrutinizing potential borrowers a lot more closely than in the past. I know from [...]