There is a common misconception that it is hard to get approved for a mortgage today. It is actually quite easy to get approved, and please don’t listen to the mainstream media when they say you need at least a 700 credit score to do so. The difficult part about obtaining a mortgage in today’s lending landscape is the extra documentation you will need to provide before the loan process closes.
The following article by Forbes, “The Perfect Loan File,” explains this very well. Read the article on Forbes here.