Need a Loan to buy a Home?
Here's the truth...
Contrary to what you may have heard, there is money available for home buyers who qualify and can prove they can afford the loan. So, if you are considering investing in a home in Tacoma Washington, or the surrounding cities of Pierce County, North Thurston County, or South King County, don't let the media discourage you.
Brian Everstine and C.R. Roberst recently wrote the following article for the Tacoma News Tribune on the same topic. Here is a bit of what they wrote:
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Home, auto buyers can still borrow money
No matter what you might have heard, it's not impossible to get a loan. But you need a good credit score and a steady income.
BRIAN EVERSTINE AND C.R. ROBERTS; brian.everstine@thenewstribune.com c.r.roberts@thenewstribune.com
Published: November 1st, 2008 11:10 PM | Updated: November 2nd, 2008 12:09 AM
We've heard a lot about trying to borrow money recently: There's none available. Banks are holding onto their funds. The requirements are so high no one can get a mortgage or buy a car.
But what if you do want to buy a house - you need more space or you have to relocate for work? What if your 12-year-old minivan died on the freeway, and you need a way to get to work?
We talked to bankers, loan officers, mortgage brokers and car dealers in the South Sound to find out what's going on.
The bottom line? There's money out there, but you have to be able to prove you can afford a loan and you probably will need a down payment.
HOME LOANS
Don't listen to all the bad news, there are still loans out there for home buyers - if they can qualify.
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Another Featured Article on Washington State Real Estate:
Is the Washington State Real Estate Market Tide Turning?
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