Why Buying A Home Is Getting Easier

Dated: 11/17/2014

Views: 1319


If you’ve gotten turned down for a mortgage in the past few years, now might be a good time to re-apply.
That’s because, according to Ellie Mae research, in July 2014, 67 percent of all mortgages applied for closed. That’s way up from six months before in January 2014 and also in July 2013, when the rate of mortgages that closed were at just 53 percent at both times.
And in part this is due to lenders easing qualifying standards, says Jonathan Corr, president of Ellie Mae, a mortgage tracker through which 20 percent of all mortgages pass.
So if you thought you didn’t have a high enough credit score or that you had too much debt to qualify for a mortgage, read on. You may be pleasantly surprised.

To find 3 reasons why that may be the case, click here to read the full article by Terry Loose at Yahoo! Homes: https://homes.yahoo.com/news/Qualifying-for-mortgage-getting-easier-155115054.html
Blog author image

Gavin McCaleb

Gavin has lived in Boise for over 20 years. In 2003 he got his start in real estate as an investor and since then he has personally bought and sold over 100 houses. He got licensed in 2009 and is now....

Want to Advertise on this Site?

Latest Blog Posts

Just Listed 2478 Penny Royal Boise Id

https://my.matterport.com/models/An6FnuRAXHF?section=media&mediasection=showcaseTake a tour of this wonder large family home in the above like.  We at Front Street Brokers offer this 3d tour of

Read More

Rare Eagle Home On 18 Acres With Pool And Huge Shop 2074 W Pacific Ridge Dr MLS 98694485

Rare Eagle Home on 1.8 Acres, with Pool, and Huge Shop!2074 W Pacific Ridge Dr – MLS #98694485 Are you looking for the rare and hard to find home close to town, in a great established,

Read More

Open House In Hewett Park Sub Boise Idaho Saturday June 2nd

Open House in Hewett Park Boise Idaho Saturday June 2nd.  B-E-A-utiful, spacious and she'll be available this Saturday, June 2nd for your viewing pleasure! This Boise home has been well taken

Read More

How To Sell Your Idaho Home

http://casasdeidaho.valuedagent.com/purl/sellersI help sellers determine a plan for selling their home. What is the motivation behind the sale of their home and what is their next step? Once we

Read More