For the past couple of years, getting a home loan has been getting harder and harder. Finally, there is some good news. Both Wells Fargo and Quicken Loans have decided to lower the accepted FICO score for an FHA loan to 580. Previously, all FICO scores had to be over 620. This is great news [...]
Entries Tagged as 'loans'
February 13th, 2009 · 2 Comments · Finance
Mortgage Brokers are responsible for finding loan options for home buyers. They work with many banks, increasing competition, to get you the best possible interest rate. But the banks want to change this. They want to cut out what they see as a “middle man” and have their bank loan officers work with buyers directly. [...]