Is Getting a Home Mortgage Still Too Difficult?
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was even a year ago.
Be sure to have your personal credit rating in good condition. Lenders give better rates to people who have show financial responsibility in their past.
The Effect on the Economy
The real estate market is very stable right now. Sellers who price their houses to the market are selling within a reasonable period.
Buyers are paying a bit more than last year. Reasonable appreciation over time makes home ownership a good investment.