There is plenty of money to buy and refinance homes... the credit/income requirements are becoming more strict. While the government continues to "solve" the banking industry problems the marketplace is already 2 steps ahead in becoming more restrictive. Lenders are increasing minimum credit scores for programs across the board. This is a direct move from the risk associated with lower credit scores on the secondary market.
What does this mean for you? Check your credit score and start working on increasing the score! The lower the score the stricter guidelines OR the higher the rate. Save money by increasing your credit score. Credit is your biggest asset or liability depending on what your number is!
As usual contact us at our website: http://www.new-hampshire-home-mortgage.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment