If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.

A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.

There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.

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The Danley - Golding Jones Team
Sotheby's International Realty
200 Clocktower Suite 100D
Carmel, CA 93923
831-601-5355
Fax: 831-855-0210
christinadanley@NUMBER1EXPERT.com

Christina has been a broker associate since 1987. She values her clients and makes their needs and their investment's potential the priority. She has listed and sold single-family homes and condominiums throughout the Monterey County area and specializes in Pacific Grove, Pebble Beach, Carmel, Carmel Valley and Monterey. Christina earned the Certified Residential Specialist (CRS) designation, which distinguishes a higher level of education in real estate and a professional affiliation affording up-to-the-minute industry information and local market knowledge. She is the proud receiver of the John Leo Award, in recognition of top sales volume within the Monterey County Association of Realtors, for 1998. Her background includes 20 years of management in the hotel and restaurant business as well. She holds a lifetime limited service credential for California Community Colleges and was honored with the Papa Vince award for excellence in hospitality. Courtney was born and raised on the Monterey Peninsula. She attended local schools Santa Catalina Lower School and Robert Louis Stevenson Upper School. She has always been surrounded by real estate as her mother, Stacey Golding, worked for the Mitchell Group (now Sotheby's) and her husband is a commercial real estate agent. Courtney attended Santa Clara University, graduating Cum Laude with a major in finance and a minor in art history. She then spent the next 8 years in San Francisco working as a finance and accounting recruiter for a nationwide firm, Kforce Professional Staffing. She was a top producer for the company, consistently achieving platinum status.

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