From cutting down-payment requirements to helping owners build home equity with cheaper loans, mortgage lenders could give the housing market a helping hand in 2015.
The labor market is improving as the country heads into the fifth year of recovery from the Great Recession and many experts say that lenders should help more prospective homeowners get credit in order to increase the number of applicants who can obtain a mortgage. There are some programs available to help buyers secure a mortgage including the Wealth Building Home Loan that should be available in every state this year.
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