Real estate blog entries tagged with mcc by a a

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Home : Blogs : a a : Ethan's Blog : Tag "mcc"

mcc: Free Home Buyer Seminar - Learn How to Buy Your First Home - 07/05/07 11:00 AM

Location: Austin, Tx Friday, July 20th ∙ 6-7 pm Keller Williams NW @ 183 and MOPAC Topics CoveredCan I qualify for a home mortgage loan? What does my credit report say, and how will a mortgage banker look at it? How much home can I afford to buy? How should I go about finding the right home? You’ve probably heard that interest rates are now at historic lows. But you may not have realized that, as a result of these interest rates, thousands of people who could not qualify for a home loan 6 months ago can now afford to buy … (1 comments)

mcc: How to help your rejected buyers?? - 06/05/07 06:50 PM

"Have you been turned down for a loan?" This used to be more of a sales cliche. But this has become a real problem for a lot of people.
Here's some of the changes we have seen to loans since 6/2006:
560 min for 100% full doc sub-prime loan, now 620 score min
100% stated loan 600 score to 700 score 100% stated documentation.
With shrink loan programs and tightening guidelines, more people are being left out of the home buying. People are becoming frustrated.
What can be done?? Although we have some unique loan programs, most have been standardized. We must consider something different.
We just started a … (2 comments)

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