Mortgage Approvals Were Tougher in August. Do These 3 Things if You Want to Get Approved for a Mortgage This Year

Mortgage Approvals Were Tougher in August. Do These 3 Things if You Want to Get Approved for a Mortgage This Year

When the U.S. housing market crashed in 2008, a big reason was that many homeowners had gotten in over their heads, taking on mortgages they couldn't afford. Since then, mortgage lenders have gotten stricter about approving borrowers, and that's a very good thing. It may be that you're ready financially to buy a home, but you've gotten rejected for a mortgage regardless.