Tagged : mortgage lenders

Found 2 blog entries tagged as "mortgage lenders".

bank__olegdoroshin_450realestate.msn.com - Here's a scenario that might surprise you: Your credit cards don't have balances, yet your mortgage application can still be in jeopardy. Doesn't make sense, right? Yet here's an obstacle lenders encounter when trying to qualify you for a mortgage and you have credit card payments.

Many consumers are responsible, paying in full their monthly credit card purchases. At the beginning of the following month, they run up the card again with purchases and then pay it off again in full. Sounds like a responsible credit card habit, doesn't it?

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Photo:  ©[Oleg Doroshin]/123RF.COM

 

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bank__olegdoroshin_450realtor.com - The world of mortgage lending has changed significantly since the housing bubble burst. Mortgage lenders have returned to traditional loan standards that require extensive documentation of income and assets for a loan approval.

Government regulatory agencies also continue to react to the housing crisis, with more adjustments to mortgage requirements set to go into effect in 2014:  Qualified Mortgage Rules, The 3 Percent Rule, Self-Employed Borrowers, Potential Lower Loan Limits.

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Photo:  ©[Oleg Doroshin]/123RF.COM

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