Getting a loan for a home has gone from one of the easiest things to do to one of the hardest. Prior to the market adjustment, the mortgage process was largely ceremonial as home price appreciation removed the risk.
This is no longer the case….
The marketplace for mortgages, while extremely attractive in terms of interest rates, is one of the most frustrating environments imaginable as underwriters and regulators require a level of proof that in many cases is impossible to provide. Knowing which lenders are actually lending in a reasonable fashion is a large part of the equation.
Let us offer our guidance.