Plan ahead to obtain mortgage in tight market
If you're a would-be homebuyer trying to take advantage of the remarkably low mortgage rates available, it's likely you'll confront high hurdles to credit approval and voluminous paperwork.
Mortgage experts say the core issue is that Fannie Mae and Freddie Mac , the nation's two behemoth mortgage companies, have more demanding standards than in the past. And most lenders in America heed the companies' standards.
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