Sentences with phrase «as conventional mortgage applications»
During the housing boom, this difference rose to an average of 550.0 points as conventional mortgage applications for purchase became easier to obtain.
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The February 2018 decrease in applications for both conventional and government purchase mortgages as well as any changes in credit standards, a metric of mortgage supply, will be closely tracked for evidence of a longer declining trend.
If you are considering refinancing your Jumbo mortgage and paying down your existing loan to a conventional loan, as always please contact a local licensed Loan Officer, not an unlicensed bank application clerk, to discuss all of your options.
As in 2013, insufficient collateral remained the most common reason cited for denying conventional purchase mortgage applications in Detroit last year, followed at a distance by insufficient credit history and too - high debt - to - income ratios (figure 7).