Thinking about buying a home in 2015? You can start celebrating early!

Getting a mortgage is about to get easier. That's because Fannie Mae and Freddie Mac, the two government-backed residential finance giants that backstop a majority of all home loans, have put new lending guidelines in place that should make it easier for borrowers to secure loans. Moreover, with rents still rising, it is expected that many more will purchase their first home in 2015, especially if mortgage rates don't rise too quickly. The easing of credit standards are also expected to contribute positively to the market for first time buyers.

First time Home buyers - Look for new 3% down loan options from Lord Mortgage as soon as they become available.