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mortgage texas: 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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