Clean Up Your Credit April 4, 2007Posted by Jay Medina in Informative Articles and Free Reports.
Thanks to the recent subprime fallout, lenders are requiring much more than a pulse to give you a mortgage these days.
A year ago, many mortgage lenders were giving money away with their eyes closed. You didn’t need a down payment, lousy credit was not an issue, and you barely had to prove your income.
But that backfired — duh! — and surprise, surprise, the folks who had bad credit and no income weren’t able to make their mortgage payments after all. Shocking. So lenders have decided to pull in the reins a bit.
Does that mean you’re stuck?
Read the rest of the story: Clean Up Your Credit