The mortgage process is long, complicated, and requires people to pay sometimes thousands of dollars to get one, on things that are not a down payment.
Please simplify this process and make it more affordable for the average homebuyer.
- The only documents that should be required are your bank statements, last two months of paystubs, and last two years tax return.
- Allow buyers to include the cost of any prepaids or fees as part of their overall mortgage loan without having to negotiate for a seller credit.
- Interest rate should be based on whatever the interest rate of the federal reserve is.
- More online programs to walk buyers through the house buying process that are not limited to normal working hours.