Qualifying For Mortgages Today, Not A Cake Walk!

by ritasimpson on April 15, 2012

in Money Talk

Shopping for a Malibu home? The mortgage scene is improving yet it can be very disheartening. Even though the profiles of successful borrowers may look challenging to match, many home buyers make it through the application gantlet with FICO scores and debt ratios that don’t quite meet the current benchmarks — often because their full financial and credit-risk pictures are good enough to get them accepted by Fannie Mae’s or Freddie Mac’s automated underwriting systems.

So don’t fret  get the scoop and improve your chances of getting your Malibu home. You still may have a good shot. But know this about today’s mortgage standards: They’re arguably tougher than ever.

 

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