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When Credit is Tight - How Do You Get the Best Loan

When Credit is Tight - How Do You Get the Best loan

Now more than ever it pays to be a prime borrower - here's how to be that guy.

Just as housing prices stall, lenders are making it tougher to borrow. A recent report from the Federal Reserve shows that 15 percent of U.S. banks began tightening credit standards at the end of 2006 - the most since the early 1990s.

Since then, the belt-tightening has only accelerated as lenders worry about a slowdown in home price growth and borrowers' ability to repay their loans.

Posted by Justin Kaatz, CMP on 06/19/2007 02:19 PM

Comments (3)

3 Comments on When Credit is Tight - How Do You Get the Best Loan

JUN

2007

Justin,

Good article. The belts are tight and getting tighter every day. I think it will be a while before the things start to settle down.

Justin, good advise for all borrowers. I think it is part of our job to point out to potential borrowers how some simple adjustments can have significant improvements to their credit scores. I use a program through Credco that will analyze one's score and how to improve it to the desired level.

Dave Kosmecki - AmStar Mortgage

http://www.americanstar.com

Good reading!!! Everyone should read your blog..

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Justin Kaatz, CMP

Madison, WI

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ASAP Mortgage

Address: 1250 Femrite Dr, Suite 105, Madison, WI, 53716

Office Phone: (608) 237-8900 x 14

Cell Phone: (608) 347-3424

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Hello everybody my name is Justin and I'm a Licensed Mortgage Professional serving the whole state of WI. I am looking to pick up some useful information and possibly establish a few relationships through this website and blog!

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