There is great news for potential homeowners – existing homeowners are paying their mortgages on time at a rate higher than any time in 10 years (Article CLICK HERE). Why? Lower default rates lead to loosening of underwriting guidelines. Fannie Mae signaled this in late July by increasing their debt to income ratios on conventional loans, citing lower default rates as a major factor (Article CLICK HERE).
The Easterbrook Team is your source for mortgage lending.
916.850.6050 EasterbrookTeam@spmc.com
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