As you have already noticed from the title of this article, traditional mortgages are getting harder and harder for people to have access to them... This is, of course, due to the fact that we are living in a society facing a recession that almost nobody expects to see finishing very soon! In fact, latest studies say that most of the American people are pessimist about our future and think that the current financial status will only be restored to normal in the next year!
These bad expectations from our people lead, obviously, to an immense feeling of wonder and expectation that makes the banks become less generous when the time calls to mortgages and every loan that you may apply for.
So, what can we do right now? I would say that the best thing is wait and only apply for a traditional mortgage when the recessition is completely dealt with!
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