Is it harder to get a mortgage now with all the forclosures or is it easier?
I just applied for a mortgage pre-approval with a mortgage company, and the guy said he’d call me in a few minutes. It’s been an hour and a half since I called & he hasn’t called me. Does this mean I wasn’t approved? My
husband makes 50 thousand a year & has been in the same line of work for 12 years. We have no major debt, and we both have good credit. I only want a starter home for about 100,000 I figure we should be able to get a loan. With all the home forclosures & the bad economy lately, is it harder to get a mortgage? I live in Michigan which is one of the worst states for forclosures & bad economy.