Not all loans are approved. And even when they aren’t approved immediately, it doesn’t have to be the end of your real estate dreams.
According to the Federal Reserve’s quarterly Senior Loan Officer Survey, it’s getting easier to get approved for a home loan.
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending standards.
A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Here’s some analysis on the program and how it could work for you.