Monday, March 12, 2012

We have more MONEY to put down why can't we get financing?

Well it is not like it used to be. www.willrudloff.com

All loans are sold somewhere and other than private funding which we no longer do lenders are not apt to lend like 4-5 years ago when equity cured a multitude of financing sins.

In today’s markets if you credit score is lower than 620-640 lenders are not as eager to lend as in years past.

Guidelines are forever changing so when a foreclosure or deed in lieu have occurred it could be 2-4 years before any financing is available and good credit has to have been demonstrated since the tarnished credit. Mwfj<>


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