As I work with buyers, it is always interesting to hear the story of what has inspired them to purchase a home. Among some of the most common reasons is that a couple is expecting a child.
I’ve spoken with several couples that have purchased a home or are purchasing a home to accommodate the idea of their growing family.
It is important that you have a knowledgeable real estate agent to help you in todays ever changing lending guidelines.
Everyone has heard that you can’t get a loan these days; that is simply not true, however it is true that lending guidelines have become tighter in the past couple of years to cinch up some of abuses that lead to the “mortgage meltdown.” This has lead to an interesting perception that lenders are discriminating against pregnant women and new mothers, as has been represented in the media recently.
My question is: is this a case of discrimination or do the guidelines that are in place to substantiate a borrower(s) income inadvertently affect households in which there is an impending or recent childbirth?
Click the link for the full article: Do Lenders Discriminate Against New Mothers
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