As a Real Estate Attorney, most of my clients need mortgage financing in order to purchase their homes and Real Estate investments.  All of my clients complain to me about the difficulty in satisfying the banking requirements in order to be approved for such loans.  The pendulum has certainly swung dramatically from the situation as existed prior to 2008.

It is good that the banks are properly scrutinizing their Borrowers. However, parties interested in pursuing Real Estate transactions must be well aware of the difficulties involved in obtaining Real Estate financing these days and such Buyers/Borrowers should do their homework well in advance so that the mortgage application process will not inhibit or deter their purchase intentions.