We are in a strong seller's market again, but this time it's not the same as the seller's market before the infamous downturn. Here are some things that are different this time… 1. Inventory is lower – the number of homes available for sale is lower than it was even as far back as 2004;.
What do you need to know in today’s mortgage market? Here are the requirements to qualify for a mortgage today: down payment (at least 3% down, many buyers are putting less than 10% down these days) income verification and asset documentation independent third party appraisal (to determine the value of your new home) stable income.
When shopping for a lender the first thing that often comes to mind to compare is rates, but that is only part of the picture. Lower rates often mean higher fees so it's important to look at both. Your lender will also be an advisor, so choose someone you feel you can trust. Keep in mind.