homes: The Sky is Not Falling for Mortgage Financing-Recent Changes Discussed
- 08/20/08 12:34 PM
However, there are lots of changes in the mortgage world that those looking to buy or sell a home should be aware. First, let me say, mortgage underwriting is really based on common sense -does it make sense? Will the buyer be able to afford to make the payments on this house! For a buyer, it is more important than ever to get pre-approved before going house shopping. For those that can verify their income and have a decent credit score, very little has changed. By a decent score, I mean in the 600 range, although the mid to upper 500s … (0 comments)
However, there are lots of changes in the mortgage world that those looking to buy or sell a home should be aware. First, let me say, mortgage underwriting is really based on common sense -does it make sense? Will the buyer be able to afford to make the payments on this house!
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