What the financial crisis means – for Home Buyers

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?

Home Buyers

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.

December 9, 2008 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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