How Will Lending Guideline Changes Affect You?
On Monday Fannie and Freddie released new mortgage guidelines that are intended to loosen up the tight credit market. This is good news for everyone, as one of the major barriers to home sales has been the issue of tight credit.
It may be a while, though, before these changes are reflected in the products that are offered by lenders. Seems that some of the big mortgage companies are taking a very cautious approach to the new guidelines, and are not making any changes right away.
My advice would be to shop around for your mortgage. There will be some lenders who lead the way with new products that will help you qualify and get approved for the loan you desire.
Check out what the experts have to say. Did Mortgages Just Get Easier to Obtain? - Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards... [NAR Daily News Magazine]
- Cheryl Bourland's blog
- Login or register to post comments
Google+
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.