Loan requirements tighten, change as home sales fall
Wednesday, March 12th, 2008 Posted in Mortgage Information, Sudbury Real Estate | No Comments »NEW YORK - The loan you qualify for on Monday might be out of reach on Tuesday. Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market ...
Mortgage Pre-Approval versus Mortgage Pre-Qualification
Wednesday, March 12th, 2008 Posted in Market Conditions, Mortgage Information | No Comments »Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter? The reality is that most all buyers need to obtain a mortgage loan to purchase a home. Since mortgage approval is such an integral aspect of a ...
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