Can it be difficult to nowadays get a mortgage?

Can it be difficult to nowadays get a mortgage?

Potential real estate buyers and refinancers frequently hear home loan financing requirements are too tight — that it is difficult to be eligible for home financing without perfect credit. But exactly exactly exactly how difficult is it, actually, to have a home loan today?

It depends on that you ask and everything you suggest, precisely, whenever it is asked by you.

“If some body says so it’s harder to have home financing today than it had been during the height of this growth — whenever there was clearly no earnings paperwork requirement — yes, needless to say it is harder to have a home loan today than it had been during the height regarding the insanity, ” claims Bob Walters, primary economist at Quicken Loans.Continue reading