Dianne Beale Asst Vice President/Mortgage Lending at First National Bank of Ronceverte tells us that NOW IS A GOOD TIME FOR lOW INTEREST RATES AND HOUSING PRICES THAT ARE MORE AFFORDABLE.
One obstacle borrowers are facing is they find they need more cash to close. There are ways to fund this down payment using 401K disbursement, gifted funds and the seller can help.
Borrowers may need better credit but recent studies show that 82% of the population can still get a good mortgage loan.
Go to www.mgichome.com for Homebuyer education.