Click on the title to link. We changed the title of our post just slightly from the article to reflect the fact that the hurdles listed in the article are really six more hurdles. They are the major ones indeed, but there are so many that you could practically write a short book about it.
The bottom line? If you have not got a mortgage in a couple of years then you need to know that this is not “business as usual” anymore. In fact, it is so ridiculous sometimes that it can be maddening. We deal with it everyday and it is insanity what some of these lenders deem necessary. About the only thing left to analyze is urine samples. And don’t put it past our current government to move in that direction (kidding, mostly).
Regardless, rates are insanely low. We just keep waiting for them to go up, and they keep going down. Obtaining a mortgage before could be unpleasant because of the dope you were working with. Now it can down right lead you to craziness UNLESS you are working with someone you trust. Now, more than ever, it is critical that you work with someone who is referred to you, or can really show you how they work. If they cannot do that then run. We are here to help walk you through all of this, hand in hand. That is the only way you will have a smooth and understandable process.