Sometimes I wonder where the media comes up with its content. In case the general population is not anxious enough about our countries state of affairs we have people running around saying "the sky is falling, the sky is falling!"
The reality is: there are plenty of loans available. Yes, you do need to have a job in order to get a loan and chances are you are going to have to put some money down in order to purchase the home. FHA (First Time Home Buyer or anyone who has not owned a home in the past 3 years) is perhaps one of the best loans for buyers who fit the criteria. This loan offers low interest rates, 3% down payment and assistance with closing costs. There are also a good number of conventional options available for move up buyers and self employed!
Next time you hear a story that sounds a bit like Chicken Little, call me. I am happy to discuss any questions or concerns that you may have about the market... even if you don't plan on buying or selling in the near future!
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