subject: Why can not I get a mortgage? The credit crisis begins to bite [print this page] Many people begin to wonder why you can not get a mortgage, not just those with a history of bad credit are concerned. Why are so many mortgage lenders will be willing to allow people to borrow money?
Well, that's all for the infamous credit crunch. Banks have found it very difficult to borrow money for himself, or at least one interest rate. Even if the governments of Great Britain and the United States market interest rates cutwithout signs of recovery. And 'as if there was a sort of impasse in its place. Many mortgage lenders are reluctant to cut interest rates on those with most of them even raised interest rates to send their mortgages at fixed prices.
To the layman, it seems very unfair. How many times a lender to keep its interest rates unchanged at the Bank of England has raised interest rates? It is never the answer, are very effective in increasingtheir prices. In my opinion had to pass a rule that the interest rate cut to their customers.
Governments around the world are trying to find a solution to this impasse, the need to find a way, the move lending business everything again. For now, people need only what they can get to be constant, hardly an ideal situation, but it is what it is.
Financial experts say it is a crisis in domestic prices, with pricesexpected to increase significantly over the next two years. Personally, I think the fundamentals are good for the purchase, but the credit crisis and the impact it has made it virtually impossible to sell houses. There may be some more bad news
