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Real Estate Tips
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.

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Real Estate Trivia
Q 
What are the financial benefits of having a home near a body of water?

A 
The mere presence of water within 300 feet increases a home's value by 22 percent.
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Jason Sanderson and The Sanderson Team, REALTOR®, real estate agents and broker for New Bern, Havelock and Oriental North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Jason Sanderson and The Sanderson Team
Prudential Clear Water Realty

246 Craven St.
New Bern, NC 28560
Cell: 252-671-6320
Office: 252-675-8212
Fax:: 252-633-4337
E-mail: Jason@SandersonTeam.com
E-mail: Sheri@SandersonTeam.com
E-mail: Barbara@SandersonTeam.com
E-mail: Marguerite@SandersonTeam.com

The Sanderson Team takes buying and selling real estate to a whole new experience. We are in continuous training from the Nations top real estate teams to learn new ideas and better ways that we can serve you. Please call The Sanderson Team for New Bern's top Real Estate Professionals.


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