|
As a full time Bergen County Real Estate Professional, you will quickly see why I am considered an 'Elite' realtor. Call me direct: 201-571-0800
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
|
|
|
Montvale, Park Ridge, Hillsdale and Township of Washington Information:
About Montvale - Moving to Montvale, New Jersey? Get info here... About Park Ridge - Moving to Park Ridge, New Jersey? Get info here... About Hillsdale - Moving to Hillsdale, New Jersey? Get info here... About Township of Washington - Moving to Township of Washington, New Jersey? Get info here... Local Maps & Links - The best Montvale, Park Ridge, Hillsdale and Township of Washington websites. School Reports - Reports for Montvale, Park Ridge, Hillsdale and Township of Washington schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Montvale, Park Ridge, Hillsdale and Township of Washington, in Bergen County NJ. Go to Main Sitemap - Main sitemap sections include Find Montvale, Park Ridge, Hillsdale and Township of Washington Homes, For Home Buyers, For Home Sellers, Montvale, Park Ridge, Hillsdale and Township of Washington Information, Real Estate Resources, and About Tom Moore. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Financing Your Home >Lenders Want to Say Yes
If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.
A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.
There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.
|
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
