Subprime home loans from Countrywide did a lot of damage to the housing market and to people’s credit. Since many Country Wide home loans were issued to borrowers with little to no disposable income the rate of foreclosure on Countrywide homes is very high. CM
When you’re trying to get a new home loan you may run into problems during the mortgage underwriting process. Don’t let this discourage you from securing mortgage financing to realize your dreams of home ownership. A little perseverance should get you through just fine. CM
Is a lease to own scenario right for you? If you take a careful look at the lease term and the lease rates you may just find that having the ability to buy out the property you’ve invested so much money into makes good financial sense. Check out your options and see what works for you. CM
Has the mortgage finance process got you down? Don’t get discouraged! Securing commercial mortgages can be difficult for anyone. Stay focused and don’t give up until you find loan rates and terms you can live with. CM
If you’re stuck trying to decide between lease vs buy take a step back and consider your lease term and lease rates. If you’re looking at being in your next property for the long run then a lease to own option might just be right for you. CM