Some buyers may be sitting on the fence waiting for mortgage rates to go down (as if current rates aren’t already near historical lows). Unfortunately, while they wait, lending guidelines continue to become more stringent. What good is a possibly lower rate if you can’t qualify or come up with the increasingly larger down payment requirements in the first place?
If you’re thinking of buying, review your loan options now with a lender so you’re not surprised by changes in mortgage guidelines.
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I am seaching for some idea to write in my blog… somehow come to your blog. best of luck. Eugene
Thanks, Eugene.