The current market is making it challenging for homebuyers to prepare for their mortgage transaction as increasing mortgage rates and home prices are moving the goal line further out of reach. First-time homebuyers who could qualify for a mortgage are self-selecting out of the process due to entrenched common myths regarding mortgage readiness, particularly related to credit, down payments, and debt-to-income ratio.
FinLocker has built tools to get first-time homebuyers mortgage ready, enabling mortgage originators to manage a larger pipeline of ‘almost mortgage-ready’ consumers and nurture those ‘near mortgage-ready.’
Click here to download A Roadmap for Homebuyers to Achieve Mortgage Readiness in a Challenging Purchase Market to see how FinLocker makes it affordable for mortgage lenders to provide homebuyers with a personalized path to homeownership and dramatically reduce overall verification costs per loan.
