Home Loans

Can Obtaining A Home Loan Be Made Easier?

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panicAs I look back over the last year, one of the experiences that I will not recall with fondness was the arduous process I experienced obtaining a home loan. Quick background..my wife and I have excellent credit and cash flow was not an issue. Yet, there was a certain point where I almost decided this process was far too difficult and gave up. How does anyone in America get financed these days?

The truth is that they manage to figure it out. Within that truth is also a theory. Home sales would improve if the process of obtaining financing had not become so painful. For the record, what I am advocating does NOT involve lowering credit standards. I am suggesting some potential buyers walk away from the process because it is too burdensome and time-consuming. Read the rest of this entry »