{"id":51419,"date":"2011-05-18T09:03:59","date_gmt":"2011-05-18T17:03:59","guid":{"rendered":"http:\/\/blog.movoto.com\/?p=1354"},"modified":"2011-05-18T09:03:59","modified_gmt":"2011-05-18T17:03:59","slug":"thinking-about-applying-for-a-mortgage-read-this-part-1","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/thinking-about-applying-for-a-mortgage-read-this-part-1\/","title":{"rendered":"Thinking about applying for a mortgage? READ THIS (Part 1)"},"content":{"rendered":"

\"\"<\/a>It’s no secret that the foreclosure crisis has done some strange things to the American mortgage industry. Despite mortgage interest rates<\/a> as low as they’ve been in ages, fewer new mortgages are being approved. Some explain this discrepancy by citing persistent unemployment, depleted savings accounts, and (understandably) shaky consumer confidence. While all that stuff rings true, increasingly stringent mortgage qualification requirements also shoulder part of the burden.
\nUnless you have impeccable credit and a stellar income history – no easy feat these days – getting a mortgage approved is going to be a challenge. But it’s definitely possible – you just need to pull out all the stops and follow a few smart-and-simple principles.
\nRecently, Movoto conducted a survey of our recommended agents<\/a> regarding buying conditions. Basically, we asked them what they’re seeing on the ground as far as mortgages, short sales, inventory turnover, etc. When it came to the topic of mortgage loan approval, here’s what they said:<\/p>\n