Loan

How to Get a Home Loan or Mortgage

To obtain a home loan, be prepared to show full documentation on everything, and be prepared to show excellent credit. While FHA and VA loans are still available, everything changed in 2007 – 2008 because documentation was either minimal or lacking, and because there was a mistaken belief that property values would climb endlessly. Today, appraisals are still used, but comparative values are showing what we all know: foreclosures rule