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Did A Mortgage Just Get Easier to Obtain?

By
Real Estate Agent

Mortgages are hard, me I am easy..... rub my belly.

 

It is so hard to get a mortgage.......not any more.   A mortgage just got easier to qualify for. The real estate industry is finally getting it's wish.  Lending standards are loosening up.

Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years. It will now be easier to get a mortgage.

 

Mortgage easier to obtain

Comments(4)

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Dan Edwards 425-276-7008
Keller Williams Realty - Bellevue - Bellevue, WA

Jean - Great news for home buyers especially for those who are first time buyers who  has not established yet a credit history.

Dec 03, 2014 08:57 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Associate Real Estate Broker

Jean, I may have to wait until the smoke clears before I'll jump on to that wagon but it would be nice

Dec 03, 2014 09:01 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

I have buyers who are complaining loudly about the current mortgage process. Any relief would be good! And I'm talking about well-qualified buyers.

Dec 03, 2014 09:10 AM
Jean Wawrzyniak-Fry

It is overall good news!

Dec 04, 2014 01:38 AM