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covid 19 Archives -
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qualify mortgage

Economic Concerns Have Made Qualifying for a Mortgage Challenging

Mortgage lenders are dealing with economic uncertainty caused by the Covid-19 economic shutdown by tightening qualifying standards. They began increasing the minimum credit scores, demanding larger down payments, verifying your employment status multiple times, and even taking away specific loan products completely. Job losses have gotten to astonishing levels due to the corona virus pandemic.…

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