The good news for homebuyers is that in order to get more business, banks will likely have to loosen those tight lending standards.
Knoxville, TN (PRWEB) August 19, 2013
The Holloway-Westerling Group, the leading Knoxville real estate team at Gables & Gates, Raltors has recently posted a new article on their website titled, "Getting A Home Loan May Be Getting Easier"
Over the last few years, getting a home loan in Knoxville hasn't been as easy as in the past. With banks battening down the hatches after the turbulent robo-signing scandal, and years of rampant sub-prime loans, the lending standards were tightened quite a few belt holes. Couple that with the last few years of uber-low interest rates and homeowners re-financing like crazy, and banks didn't have to budge. Well, the tide is turning. Now that interest rates are trending higher and homeowners are no longer jumping on the refinance bandwagon, banks need business. Troy Stavros, Broker with the Holloway-Westerling Group at Gables & Gates, REALTORS said, "The good news for homebuyers is that in order to get more business, banks will likely have to loosen those tight lending standards." Home buyers turned down in the past because of self-employment or other issues, might find it a good time to revisit the process of getting a home loan. The results might be promising.
ABOUT THE HOLLOWAY-WESTERLING GROUP AT GABLES & GATES, REALTORS
The Holloway-Westerling Group is committed to bringing the best possible experience to fruition for buyers and sellers of Knoxville real estate. At the Holloway-Westerling Group, we don't believe average is good enough for our clients. At the forefront of the Holloway Group is experience. Our team was created to serve our clients even better with specialization and expertise. We know that individually we cannot be everything to everyone so we have come together as a group, bringing all of our different strengths, so you always work with the best. We pride ourselves on being ahead of the curve on technology and how it can serve our clients. When you are a client of the Holloway-Westerling Group, you can expect to have our entire team of professionals working to fulfill your individual real estate goal. As a member of Leading Real Estate Companies of the World, the Holloway-Westerling Group and Gables & Gates, REALTORS can assist you with finding the most qualified real estate professional to suit your needs, anywhere in the world. Visit our website to search ALL Knoxville homes for sale. Contact us today for assistance.