Home Loans Harder To Get

By
Real Estate Agent with Dynamic Properties

Many people are being denied loans in todays lending environment. This is likely to be a good change in the long run, as many lenders had been too loose, which led to overinflated markets and buyers that should not have had home loans. Many people that would have qualified for a home loan not long ago would not qualify today. Many of these people become renters. Some of them may be tempted to use creative financing. In Anchorage and nationwide home buyers need higher credit scores and are facing larger down payments with shorter terms. Click on the link below for more information and stats:

http://online.wsj.com/article/SB10001424052702304569504576405660006330644.html?mod=WSJ_RealEstate_LeftTopNews

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