Five Common Missteps When Applying for a Mortgage
You've probably heard that applying for a mortgage loan is much more difficult now than it has been in years past. And for good reason. As we come away from years of predatory lending and a glut of foreclosures and short sales, let's just say our industry has (hopefully) learned some hard lessons. Underwriting has undergone serious scrutiny, making restrictions and rules much tighter than they've ever been. That's not to say it's all bad, and there certainly are great loans and incredible rates to be had. If you're looking to apply for a mortgage, here are five missteps to avoid in order to streamline the process and increase the odds of having a smooth experience and securing a better rate.
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