- "Why is it so difficult to get a loan these days?"
- "What is wrong with lenders that they won't lend?"
- "Can I get a loan in this difficult market?"
All good questions that I hear regularly. This is a great article (a little long but certainly worth the read) that answers these questions and more about our current lending market. It was sent to me by one of the excellent lenders I refer regularly. If you are thinking about purchasing a home and are wondering about what to expect when you apply for a loan you'll want to read this. Especially the last three paragraphs. If not, pass it on to someone you know who might be thinking of buying. It is an excellent example of reality being much different that what is reported in the media.
Bottom line - you can get a loan. Here's how you do it.