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All agents are NOT alike! Find out why the Professionals at Paragon Property Group are top real estate experts. Call us: 866-693-7741.

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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 was a sure way to accumulate wealth through the 1970s and early 1980s?

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Many people made their fortunes in real estate during this period.
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Paragon Property Group, REALTOR®, real estate agent and broker for Austin, Lake Travis, Horseshoe Bay, Marble Falls and Lake LBJ, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Sue Ellett
Coldwell Banker United, Realtors

Marble Falls, TX 78654
Lakeway, Texas, 78734
Cell: 512-422-7182
Main: 866-693-7741
Fax: 214-445-0764
sueellett@NUMBER1EXPERT.com

As a Real Estate Broker, being a true partner to my clients in achieving a common goal ~ whether than is Buying or Selling Property, is of the utmost importance. All of the agents on the Paragon Property Group Team share this goal and a commitment to treat all parties fairly, honestly & with the greatest respect. We are here to help, to be your trusted resource for the Austin/Highland Lakes areas in the Central Texas Hill Country, and to achieve your goals with the best possible results, and in the least amount of time. We look forward to working with you!

REALTOR ePro Equal Housing SRES wcr


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