April 2015 RSS Feed

Found 1 blog entry for April 2015.

Lets go back in time to the real estate boom days when getting a mortgage was “easy”, and very little paperwork was needed to qualify. When you could refinance your home to pay off your credit card debit or use the money to buy the car you always wanted! Remember those days?   Those “good old days” resulted in 22% of loans issued in 2007 resulting in foreclosure. 

Now lets fast forward to todays real estate market and the loan process. A lot different, right?  During the real estate recession, many smaller mortgage lenders went out of business due to delinquent loans. For those that survived, they have stepped up their game, to make sure you not only can afford the loan but you can PROVE it too.

According to Forbes, not matter how much you complain…

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