The real estate and mortgage world is changing again, and buyers are trying to understand what these new updates mean for affordability and approval. Two major topics are generating a lot of attention right now: talk of 50-year mortgages and Fannie Mae removing the 620 minimum credit score requirement from Desktop Underwrite. Both shifts could shape the way future buyers qualify for homes.
As always, my goal is to help you make sense of what matters, what is simply talk, and how these changes may affect real people in today's market.