Change Credit Requirements for Purchasing a Home

Economy
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Many people are financially able to purchase a home and make the mortgage payment. Due to ‘life events’ their credit is below the threshold for purchasing a home. If they can pay $2000/month in rent they can certainly pay that or less for a mortgage. Incentivize the banks and lenders to provide sensible mortgages to persons that can afford them regardless of credit score. Divorce, medical, etc can all have a negative impact on somebody’s credit score that can last for years preventing them from purchasing a home.