Remortgages are becoming a rare commodity. Unlike in the middle of this decade when it seemed like banks would hand over huge checks to anyone who could walk and breathe at the same time, today’s market presents new obstacles to everyone and anyone interested in any type of refinance or mortgage loan.
Even though homes are selling and certain people are obviously being qualified for these new mortgages, there are tens of thousands of people with excellent credit who are being turned away for the same type loan with comparable income and FICO scores. Continue Article...