Is it hard to qualify for a home loan these days??

The fact that the US has 3.9 million homes for sale and most of the coming from foreclosures means that newer more efficient Home Loans must be offered. The truth is that getting a home loan is easier now than before the boom.

The problem during the boom with Home Loans was that information on the loan applications where not properly verified. And everyone knew this. For instance, anyone could "state" that they were moonlighting and making extra income to qualify for a home they could not afford, hoping that the home would raise in value. The fact that these loans no longer exist does not affect you and I who work everyday, and who would never lie on a federal document and risk their credit in the process*.

In order to resolve some mysticism, and shed light on this shady subject I inform my clients that the banks will be looking for what we call the 3 C's of Financing. Credit, Capacity, and Collateral (For a further explanation of these terms please contact me via email jesse.saenz@comcast.net ). With there being more transparency in the loans these days people are living more within there means and the prices of homes are there lowest in decades.

* If you have been a victim of Loan Fraud and or Foreclosure please contact me as I am able to modify your loan, or register you to fix your credit in a credit rehab program. by Jesse Saenz