Is it easier today for home buyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years? And if so, what might that mean for first-time and repeat buyers who are struggling with credit and debt issues but still hope to buy a home? When the Federal Reserve polled senior bank executives last month on whether they’ve been loosening credit criteria for home-mortgage applicants, most bankers […]
source https://therealdeal.com/2018/08/31/lower-credit-scores-higher-debt-ratios-opening-opportunities-for-new-home-buyers/
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