This was the highest ever since August of the previous year, when it was 86 percent
of all new home loan approvals.
Variable rate demand increased to 85 percent
of all new home loan approvals for the month of July.
Not exact matches
In the
new era
of tight credit, folks are extremely unsure
of winning
approval for a
home loan.
This appears to have contributed to a decline in the participation
of first -
home buyers in the market, with their share
of new loan approvals for owner - occupation declining over the past two years to be slightly below 20 per cent in May.
Along with assisting customers with the removal
of damaging information from their credit reports, MyCreditGroup offers personal credit coaching, assistance with establishing
new lines
of positive credit, and
home and auto
loan approval preparation.
You could even drive
home in your
new vehicle on the same day, since many
of these dealers offer on - the - spot auto
loan approval!
In the excitement
of purchasing their
new home, they may prematurely make financial moves that impact their mortgage
loan approval.
Our
loan approval team we remains dedicated to helping homeowners finance a
new home with the lowest possible interest rates available, regardless
of their credit scores.