We had anticipated a housing boom after the mortgage crash in 2007.
For years banks were not lending money, property values were dropping, and banks in general were not looking to lend dollars on a declining market that had not bottomed out yet.
Since then the market has bottomed out and it is now turning upward. Banks, builders and lenders are looking to cash in on a market that has been dormant for many years..
Buyers must be equipped and prepared as best they can as homes are selling faster than ever before.
It’s proving to be more valuable than ever to go into the buying market with your home mortgage loan pre-approval in hand.
The best loan pre-approval will have your loan amount, program and ‘subject to conditions’ clearly spelled out for you and your realtor.
Because of the movement in the market – I would anticipate an upward movement in home sale prices, so now is the time to get that pre-approval and start looking at your opportunities. Seriously consider moving into that new home before the market takes that next leg up.
The time is now and the market is now right for you!
