Seattle Home Mortgage – How hard is it??

It seems with all the apparent chaos in today’s home mortgage arena. Consumers are increasingly asking, can I really have my home refinanced? Can I purchase a new home? Is it impossible? Have the lenders made it so hard that it just can’t be done? The truth of course is YES you can!

While its true that financial institutions have tightened their lending criteria – home mortgages, whether it is a home purchase, refinance or debt consolidation loan, it is obtainable. It does however require a bit of patience on the side of the borrower. Rates are quite favorable and lenders are taking a bit more time to underwrite their files in order to minimize many of the mistakes that occurred during the period I like to call the “any type of loan goes era” of the past. It hurt all of us and the banks retreated as the mortgage crisis deepened. However, with a bit of patience and working with a quality loan officer, there are many programs that are government sponsored as well as conventional type loans that most people can and do qualify for.

So take advantage of today’s home mortgage programs. Get that better interest rate, or enjoy that new home purchase. Realize that It is possible and now is a fantastic time to capitalize on the historically low rates that are not going to last forever.