By Ben Luthihttps://www.floridarealtors.org/news-media/news-articles/2020/10/4-ways-increase-chances-getting-mortgage
To help get your mortgage or refi OK’d while interest rates are at an all-time low, check your credit score and report, pay down debt and compare mortgage lenders.
WASHINGTON – The coronavirus pandemic has made a huge dent in the U.S. economy, but mortgage interest rates are at an all-time low. It’s no surprise then that in 2020, existing-home sales hit their highest level since 2006, according to the National Association of Realtors®.
That said, because of the economic downturn, many home lenders have tightened their underwriting criteria, showing some caution about who they’re willing to lend to. So, even…