Since the housing market crash occurred, there have been many changes to the home loan industry. New rules and regulations have been placed into effect that monitor lending practices to ensure new borrowers are not subjected to predatory lending practices. Many of these regulations have led consumers to believe that they no longer qualify for mortgages. This is a misconception. There are many banks and private lending institutions in full cooperation with these new regulations that are willing to work with potential home buyers regardless of their credit standing or down payment amount. Working with a professional home loan company is their best option for finding the right mortgage to fit their situation.
While there are many home loan companies that come to mind, one of the promising businesses to keep an eye on is Embrace Home Loans. Who is Embrace Home Loans? This company is an industry leader with over 30 years of experience working with borrowers to find a mortgage tailored to their specific needs. The services offered by home loan companies are not limited to first-time home purchases. Most of these services also offer refinancing options and debt consolidation mortgages. They are able to address your needs and find an appropriate mortgage.
Consumers do not have to worry about all the new regulations and requirements placed on lenders since the market crash. Most of these regulations deal with the internal working and structures of these companies and not directly with the consumer. The regulations that do apply to the consumers only ensure that you are receiving a loan you fully understand the terms of and that meets your needs. Working with a lending company that is not restricted to one lender or one type of loan product will always be in the best interest of the borrower.