It's not all doom and gloom. There is still plenty of money available to creditworthy borrowers. But lender guidelines have tightened significantly, and the days of easy credit with no down payment and no documentation are all but over.

With this in mind, it's more important than ever for homebuyers to get pre-approved – not pre-qualified – in order to avoid the kind of painful last-minute surprises that can blow up deals.
Read on...Buyers Get Mortgage  PreApproved

 
Posted by Peter Boyle on 10/14/2011 10:47 AM   Comments (0)   preapproval, mortgage preapproval  
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This post has been included in Minnesota Real Estate News

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Peter Boyle

Minneapolis, MN

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Summit Mortgage Corporation #1041

Address: 13355 10th Ave North, Suite 100, Plymouth, MN, 55441

Cell Phone: (612) 701-6816

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