Downpayment, Closing Costs Prove to be Biggest Obstacles
Most Americans still consider having enough money for a downpayment and closing costs to be the biggest obstacles to buying a home, according to the 2009 National Housing Pulse Survey, an annual survey released late last week by the National Association of REALTORS®.

Tight Mortgage Rules Exclude Even Good Risks
It’s unfortunate but in the past year or so, buyers who were once viewed as perfectly qualified are being denied mortgages. These denials are occurring for a wide array of reasons, including such factors as: the buyers’ incomes are adequate but irregular, they are self-employed and take many deductions, or their downpayments are less than 20 percent.

This entry was posted on Tuesday, July 28th, 2009 at 1:16 pm and is filed under Market Trends.