When rates are lower is it easier to get approved for a mortgage?
I have challenge credit - it's a WIP. FICO is at 544. With rates going back down, are lenders loosening up requirements to get approved for those with lower credit, less income, higher debt to income, etc? by csilvers6784 from Bakersfield, California. Jun 3rd 2019
Mel Baker (makinghomeloanssimple@gmail.com)
#1337 ranked lender in California - 21 contributions
Do may have options. Your score,income,reserves,type of property and type of occupancy of the property are going to determine the best course of action. Lower rate really only improve the borrower's debt-to-income ratio but many other requirement are the same as they've been for the past few years.Talk with a knowledgeable lender,get as much info as you can!If I can be of further assistance please do not hesitate to call, email or even text.Mel S.BakerArcstone FinancialNMLS 680541(310)985-9778
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