LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers rose from 103 to 106 between July and August, indicating that borrowers had easier access to mortgage credit making it easier for homebuyers to qualify for a mortgage. The Credit Accessibility score is benchmarked at 100, using data from the full year […]
Tag Archives: Home Loans & Mortgages
Lenders Revive ‘Lock and Shop’ Programs
As mortgage rates have start what was certain to be their inevitable ascent, some lenders are bringing back ‘lock and shop’ programs to assist borrowers in purchasing a home. With ‘lock and shop’ programs lenders will credit approve a homebuyer and then lock in their interest rate BEFORE they find the property they want to buy. As with standard […]
Lenders Revive 'Lock and Shop' Programs
As mortgage rates have start what was certain to be their inevitable ascent, some lenders are bringing back ‘lock and shop’ programs to assist borrowers in purchasing a home. With ‘lock and shop’ programs lenders will credit approve a homebuyer and then lock in their interest rate BEFORE they find the property they want to buy. As with standard […]
Waiting Period After a Short Sale
Across the country home values have fallen 33% since their peak in 2006. In light of such it’s no surprise that many Americans today have a short sale in their credit histories. With many wanting to become homeowners again, a question we commonly receive is when can I buy a house after a short sale? First and […]
