Saturday, July 7, 2012

First-Time Home Buyers Held Back

While the residential real estate market has stabilized and even heated up, first-time buyers have been held back because of tighter lending standards.  Some suggest applying for conventional instead of FHA mortgage because there is less red tape.

2 comments:

  1. With the tighter credit guidelines, those planning to purchase a home should now start checking their credit report, boost up their scores and save up a decent deposit. The better your financial status, the better your chances of securing a mortgage at a low interest rate.

    Regards,
    Chris from homeloans-sa.co.za

    ReplyDelete