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🚨REALTORS 🚨
If you’ve been watching my Daily updates, you may remember I mentioned a potential tightening in the mortgage credit markets soon
🚨 Lenders are now suspending locks on some products - non QM for example
🚨 Credit score requirement are increasing on government loans
🚨 New guidance on verification of employment
🚨 I-buyers Exiting the Market
While I expect these changes to be short term it’s important to get with your lender and understand what changes are occurring and how they may affect any clients
By Coach Wade Conway🚨REALTORS 🚨
If you’ve been watching my Daily updates, you may remember I mentioned a potential tightening in the mortgage credit markets soon
🚨 Lenders are now suspending locks on some products - non QM for example
🚨 Credit score requirement are increasing on government loans
🚨 New guidance on verification of employment
🚨 I-buyers Exiting the Market
While I expect these changes to be short term it’s important to get with your lender and understand what changes are occurring and how they may affect any clients