Lending Standards

It’s no secret that the lending standards in the U.S. were too lax in the years leading up to the 2008 financial crisis. Banks and other lenders issued loans to borrowers who simply didn’t have the means to repay them, resulting in catastrophic consequences for both borrowers and lenders alike. You might be worried we’re […]

  You might have heard that you being pre-approved for a mortgage is necessary when you first think about buying your first or your next home. But why is that? Getting pre-approved for a mortgage helps you better understand what you can borrow and shows sellers you are serious about purchasing their home. Freddie Mac defines