It's easier to get a mortgage in 2015
Even with lighter restrictions, we are not to the point where mortgage lending standards are "too easy" - no one wants that to happen after we learned our lesson the hard way when the market collapsed. 2015 is simply a year for better qualification opportunities.
Not to mention, mortgage rates are still hovering around unimaginable historical lows. With the grips of tight-fisted lenders finally loosening, many home buyers now have a chance to lock in their mortgage at a great low rate. Of course, the stronger your qualifications, the lower the interest rate you'll be able to secure. Borrowers with a credit score of 740 or more and a down payment will certainly get the best rates. But even if you don't meet those high benchmark, you can still find yourself with an historically low rate (with only an added 3.25 percentage points, at most).
To read more about qualifying for a mortgage, check out this article full of great information! If you think you're ready, click on "Get Preapproved" in our menu above to get started.
Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
(702) 823-0855 Shawn
(702) 823-0840 Kyle