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The majority of consumers are wildly wrong about what it takes to get a mortgage – Fasti News

June 22, 2019 admin Comments Off on Falling mortgage rates are heating home prices this summer, Trends, Tips & News.. The majority of consumers are wildly wrong about what it takes to get a mortgage;

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The majority of consumers now think it is much harder to qualify for a home loan than it actually is, according to a recent Fannie Mae survey of more than 3,000 people.

The majority of consumers now think it is much harder to qualify for a home loan than it actually is, according to a recent Fannie Mae survey of more than 3,000 people. Respondents thought they needed much higher credit scores and bigger down payments than necessary.

The majority of consumers are wildly wrong about what it takes to. The majority of consumers think it is much harder to qualify for a home loan than it actually is, according to a recent Fannie Mae.

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The majority of consumers are wildly wrong about what it takes to. The majority of consumers think it is much harder to qualify for a home loan than it actually is, according to a recent Fannie Mae.

That means lenders must examine closely things like credit score, The most surprising aspect of how to get a mortgage is the importance lenders place on. The unsurprising news is that most people don't know what a debt-to-income ratio is.. A good consumer debt-to-income ratio is 36%, but conventional mortgage.

The majority of consumers are wildly wrong about what it takes to get a mortgage cnbc.com

We'll help you compare the best alternative mortgage lenders for you.. non- bank lenders are all trying to make it easier to get a mortgage.. offering mortgages as well as consumer loans to residents in all 50. national banks move to lending only to the most-qualified borrowers, Want to take action?

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