LenderStreet's columnists (that's us over there) join forces with lenders in your area to keep tabs on the mortgage market. Together we offer timely insights toward a positive loan experience.
Although we had signed the papers, picked up the keys, and walked into our own home for the first time, we still could not move in right away. Walls needed repainting, carpets needed cleaning, and lights needed to be added. Likewise, everything needed to be sanitized and the locks changed.
Imagine you’ve had your house up for sale for two years. You bought a new house before you could sell your old home and you’re paying two mortgages. Finally, two prospective buyers come along. One buyer, a first-time homebuyer is waiting for approval on a mortgage loan; the other is a cash buyer.
Which way are you going to go?
Here’s an association you probably would not make: Pizza, pregnancy and… mortgages? Lenders are digging deeper to find out more about borrowers.