Bridge Loans Harder To Qualify For

With more and more people either out of work or working for less, it's becoming more difficult for home buyers to get bridge loans. This is putting pressure on Maryland mortgage lenders to push newly regulated lending standards to the limit.

This is certainly understandable, as bridge loans are an integral part of most new home loans. Without them, few borrowers can close a mortgage on a new home while simultaneously trying to sell the old home.

If the politicians in DC really want to stimulate the economy in general, and the housing market in particular, they should find a way to subsidize bridge loans so that would-be home buyers have the means to go out and spend money. That's what the stimulus is for, right?

This is a problem from Maryland to New Hampshire to Oregon, and its time we made our voices heard to get the problem fixed