|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 203-655-0208 ex #37.
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any REALTOR®, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Joan Gallagher is one of The Top
Selling Real Estate Experts™
Find Out More > |
|
|
 |
Whether you are buying or selling a home, all real estate transactions require the help of local businesses. As a top local Realtor I know everybody! You may contact anyone featured on this page with confidence.  
Financing Your Home >Lenders Want to Say Yes
If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.
A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.
There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.
|
| Q |
What is the largest home in Hollywood?
|
| A |
The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
