Getting A Home Loan In Knoxville May Be Getting Easier

Over the last few years, getting a home loan in Knoxville hasn’t been as easy as in the past.   With banks battening down the hatches after the turbulent robo-signing scandal, and years of rampant sub-prime loans, the lending standards were tightened quite a few belt holes.  Couple that with the last few years of uber-low interest rates and homeowners re-financing like crazy, and banks didn’t have to budge.  Well, the tide is turning.  Now that interest rates are trending higher and homeowners are no longer jumping on the refinance bandwagon, banks need business.  The good news for homebuyers is that in order to get more business, banks will likely have to loosen those tight lending standards.  If you were turned down in the past because of self-employment or other issues, it might be a good time to revisit the process of getting a home loan. You just might like the results. Need a recommendation for a lender or a looking for real estate advice?  Contact us today!