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New Orleans Real Estate Loans, De’ ja’ vu

     A year ago it was “No Borrower left behind” when it came to getting a mortgage.  Those times have ended!  Mortgage companies and banks are tightening up on their lending policies.  Buyers with good credit and good income are even feeling the credit crunch.

    These are some of the recent changes to Conventional Financing that conform to Fannie Mae and Freddie Mac Guidelines:

     It feels like we are going back in time to the lending practices we had in the 80’s.  Isn’t it a coincidence how time repeats itself?                      

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA