Stop Setting Borrowers Up to Fail

MReport quoted Ray Brousseau in “Stop Setting Borrowers Up to Fail.”

On Nov. 22, 2018, MReport quoted Ray Brousseau in “Stop Setting Borrowers Up to Fail.” According to the article, getting a mortgage with a super-prime credit score is easy — and, if today’s low interest rates are any indication, it’s a good idea. However, borrowers with lower credit scores often face significant challenges. Not so at Carrington.

“Prospective first-time buyers often think the loan process is too hard and that the closing costs are too substantial,” said Ray to MReport. “They don’t realize that there are programs for them that allow for a limited down payment and eliminate other out-of-pocket expenses, including closing costs.” Read the article here.