Sentences with phrase «become qualified home buyers»

This is how we uphold the best practices of mortgage lending, which in the long term enables us to help more people become qualified home buyers.

Not exact matches

Should mortgage rates rise to 10 %, your home becomes instantly less expensive because, for qualified buyers, it comes with a 3.25 percent mortgage rate and payment.

«Despite the economic setbacks Americans have experienced in today's current climate, it is clear that a strong majority still believe in home ownership and aspire to own a home,» said NAR President Ron Phipps, broker - president of Phipps Realty in Warwick, R.I. «However, achieving the dream of home ownership will become increasingly difficult for buyers if they are required to make a 20 percent down payment, which may be a reality for many of tomorrow's buyers if a proposed Qualified Residential Mortgage rule is adopted.

With recent changes to mortgage approval especially the implementation of mortgage stress test it has become harder to qualify for first time home buyers mortgage.