As the housing market continues to recover, many borrowers are finding there are more hoops to jump through to qualify for a loan. But according to lenders it’s not necessarily harder to get a loan today, you’re just required to submit more documentation, and to keep it updated through closing. The added paperwork is in response to the many bad loans and fraud during the crisis years. According to an article in Forbes, most failed loan applications fail because they don’t meet the rigorous documentation requirements, not for lack of pre-qualifying (Forbes, “The Perfect Loan File,” 3/9/12). The reasoning behind […]