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Rates R Climbing....Buyers beware!

By
Real Estate Agent with RE/MAX Properties Ltd

Hello all..... well as you experienced Agents all well know.... Its traditional for rates to inch up in the start of the Spring Market.

What's different in this Spring Market are the conditions needed for Mortgage commitment for Buyers.

We see that Wells Fargo is easing up on needed Fico scores from the Buyers, but there are caveat's for the Buyers to get approval with Ficos under 600's.

So..... we are finding that 1st time buyers may be better off with local lenders instead of dealing with the Big 4 when it comes to getting approved.

Hey Big 4..... Wake Up!

We just closed 3 deals with out you!