Financing A Home
Show Me the Money
Not so fast … there are a few things you need to know first
The GOOD NEWS is … mortgage money is readily available and interest rates are LOW.
The BAD NEWS is … mortgage money is more difficult to qualify for and there are many ”speed bumps” you’ll need to navigate along the way.
Lenders have raised the qualifying bar for a mortgage by tightening underwriting guidelines. The most significant changes include:
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Appraisal requirements
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Credit score requirements
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Down Payment requirements
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Self-Employed borrower requirements
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Rental Income requirements
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Debt-to-Income Ratio requirements
Now, more than ever, it’s essential to work with a Mortgage Professional with the experience and knowledge to clear the obstacles from your path and show you the way home. Make sure you are working with a Certified Mortgage Planning Specialist.
See my professional profile: http://www.cmpsinstitute.org/public/profile/267
