See How Responsible Tax Payers Get Another Door SLAMMED In Their Face
Here is some food for thought.
There has been a lot of focus on borrowers are behind on payments and those who are facing foreclosure. But what about the responsible borrower who are being responsible living up to their financial obligations?
The credit scoring machine has really kicked into high gear and lenders are actually relying on credit scores like never before.
With all of the "Re-Focus" and "tightening up" of lender’s qualifying standards, this has literally slammed the door shut on millions of borrowers who are current on their home loans.
Many borrowers who are current have been affected by this screwed up economy. Just imagine all of the variables affecting credit scores.
Combine these variables with lenders having raised the bar (your credit score) to perhaps the highest since they have been lending, and you will see exactly what this involves.
Another Door SLAMMED in the face of responsible tax payers struggling to do the right thing.
Right now, the interest rates are the lowest on record. 30 year fixed rates at 4% and this is just the ballpark.
But what good is it, if you can not qualify for a re-finance, or a purchase?
Interesting food for thought.
What Do You Think?
Please Share Your Comments