homes traverse city: Get your financing in order!
- 06/25/11 02:43 AM
A recent blog by David Burrows talked about "A Doctor's Advice For Purchasing a Home." It was an excellent, well-wriiten posting, and inspired this blog of mine. Getting your financing in order is the first order of business for home buyers today. Here's why. Back in the heyday of the real estate boom years, credit was easy to obtain. With rapidly appreciating real estate, even over-extended borrowers were likely to cover their mortgage balance and even make a tidy proft when they sold their homes. Underwriting scrutiny was not very intensive, and the money was flowing freely. Then the bubble burst, and (2 comments)