Why Buying A Home Is Getting Easier

Dated: 11/17/2014

Views: 1259


If you’ve gotten turned down for a mortgage in the past few years, now might be a good time to re-apply.
That’s because, according to Ellie Mae research, in July 2014, 67 percent of all mortgages applied for closed. That’s way up from six months before in January 2014 and also in July 2013, when the rate of mortgages that closed were at just 53 percent at both times.
And in part this is due to lenders easing qualifying standards, says Jonathan Corr, president of Ellie Mae, a mortgage tracker through which 20 percent of all mortgages pass.
So if you thought you didn’t have a high enough credit score or that you had too much debt to qualify for a mortgage, read on. You may be pleasantly surprised.

To find 3 reasons why that may be the case, click here to read the full article by Terry Loose at Yahoo! Homes: https://homes.yahoo.com/news/Qualifying-for-mortgage-getting-easier-155115054.html

Gavin McCaleb

Gavin has lived in Boise for over 20 years. In 2003 he got his start in real estate as an investor and since then he has personally bought and sold over 100 houses. He got licensed in 2009 and is now....

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