Americans looking to buy, sell or refinance a home are confronting a very different market from the one that existed just a few months ago. And it continues to change!
What does this mean for you and your current mortgage?
Get pre-approved by your mortgage professional. While there are a lot of great deals out there, getting credit is becoming more difficult, and it’s taking longer and longer to complete a transaction. Remember, what you qualify for today could change tomorrow in a volatile market. Communicate with your lender on a regular basis. Also, do not do anything that could negatively affect your credit, and make sure you get all your documentation in on time.
By Taum Hemmingsen, owner/broker of Marketline Mortgage, LLC. For a free consultation or to speak with him directly, he can be reached at 480-967-8286.