Sunday, September 25, 2011

Home loans rejected

The Stock Market meltdown has put the pinch on all sorts of lending. According to my sister who’s living in Califronia USA home loans are no exception. She added even some who are earning above-average income and who are very well-qualified home buyers are getting turned down for mortgages for no good reasons. This is the reason why my sister is now hesitant to apply for a home loan. She’s in the US for 10 years but until now she’s still renting a pad.