CHAPTER 3 Getting That First Home Loan
Venturing into the housing market can be intimidating for anyone. Since the housing market crashed in 2007, the road to recovery has been rather uneven. This includes very tight lending, new requirements, and buyers held back by increasingly strict lending standards. There are signs of improvement in the housing market, though. Banks are relaxing previously strict minimum requirements, and lenders are offering mortgages with down payments at lower rates. This may very well be a good time to consider jumping into the market. With the housing market heating up and consumers ready to buy a home, it is time to begin preparing for the road that lies ahead of you.
21
Powered by FlippingBook