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Your Loan Approval
Yes, the market has been scary but I believe we are seeing the light at the end of the tunnel!
The foreclosures and short sales may have reached the worst level and from this point on we may see an improvement in sales activity.
Buyers are beginning to realize that this is the time to buy, that there may still be a decline in prices but not as significant as it has been in the last couple of years. There have been many mulitiple offers on properties and that is an indication that the demand is rising and prices may become stable soon.
Now is the time to start preparing for your purchase. FHA is offering Jumbo loan borrowers an opportunity that will soon disappear. So start your research and find out what is available to you. Contact your loan representative and learn all you can about your options and be prepared with a full loan approval to snap up that home you find.
There are programs available that allow even jumbo loan borrowers some attractive loan rates with a minimal down payment. You can find down payment assistance on line through FHA.com and Ameridreams.com. (Neither are affiliated with FHA.) Check ... more
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