The current market is challenging for homebuyers as 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 reduced purchasing power and entrenched common myths regarding mortgage readiness, particularly related to credit, down payments, and debt-to-income ratio.
The FinLocker app features a comprehensive set of tools to get first-time homebuyers prepared for homeownership. Mortgage lenders can private label FinLocker to help prospective homebuyers identify and overcome barriers towards achieving mortgage readiness, freeing their mortgage originators to work with ‘mortgage-ready’ consumers.
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 prospective homebuyers with a personalized path to homeownership and streamline the mortgage application process.