If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.
A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.
There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.
Why hire one agent when you can have a team working to ensure the quality service you deserve when looking to buy or sell! The "team" approach benefits everyone involved and is in place to better serve you. Our valued clients! Nikki, Susan and I are waiting for your call.
*We offer over 13 years of licensed real estate experience.
*Looking to sell? We utilize the latest in Internet Marketing & Technology. Over 80% of Home Buyers start their search on the internet. All our advertising drives Home Buyers to our website, so they see your home first. Also, I'm now offering your home to be appraised by a licensed appraiser before you list with me to make sure we price your home right for the highest price in the quickest amount of time. Call or e-mail me for more information.
*Looking to Buy? Our clients have found that by meeting with us, they have a greater knowledge of the current market and greater opportunity to live in the right property for them and their family. We simply need to meet.
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