Peter Mark, Real Estate Investing (PeterMark)

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Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

Not getting a Pre-Qual done in today's world is just plain risky. Too many problems. In the future more constraints will be placed on the lender to provide a more concise Pre-Approval letters.


Jul 16, 2015 07:38 AM
Mike Sasse
OfferPad Home Loans, LLC - Scottsdale, AZ
Sales Leader

As it has been mentioned, there has definitely been a lot of easing with the conforming guidelines. I have also noticed a lot of local banks across the country are opening up a lot of non-QM loans (non-traditional credit, low down payment, etc.)

Jul 09, 2015 11:02 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It has gotten somewhat easier, but still no walk in the park, by any means.

Jul 09, 2015 04:05 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Things are far easier than even just a year ago.  Guidelines have loosened, new programs have become available, and if you've got semi-decent credit and 3% down (in most cases), a home loan can be yours.

Jul 09, 2015 03:20 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

the banks have loosened up significantly, but I hope we don't see another administration with the attitude that everyone should be a homeowner....

Jul 08, 2015 10:29 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Peter. There has been easing of some guidelines and there will be more. More non-QM products available all better for the consumer.

Jul 08, 2015 07:13 PM