What is happening today in mortgage lending:
Here is an article that you may want to show those borrowers that are fence setting waiting for rates to go down.
Will 4.5 Percent Interest Rates Soon Become a Reality?
Have you had a self employed borrower who does not understand why they are having to provide so much more documentation compared to when they got there loan in 2005-2007? You may want to show them this article Mortgages Less Easy to Come By for the Self Employed Borrower
Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com
1 comment:
Thank you for this article Shirley! It has been a rough few days convincing Realtor's and Borrowers that rates are determined on there situation and 5.5-6.875 is a steal for the credit challenged!! Actually it is still an awesome rate for a Perfect Borrower depending on circumstances. I am printing this out and hanging it on my wall.
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