To qualify for a home loan today is indeed more difficult than it was five years ago. Certainly the market has changed and the banks are not as easy with their loans as they were before the banking mortgage issues were discovered.
True interest rates are at the lowest they have ever been, but easy credit just isn’t happening in these challenging economic times.
A purchase lease agreement, which was done often in the past, has been resurrected and is now alive and well. Something to consider if you do not qualify for a home loan today.
RDS Real Estate understands the changing market.
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