Welcome to my Blog!
With each blog, I invite you to stay informed by keeping up to date with the current trends in the Real Estate Market. I will be addressing not only potential Buyers and Sellers but also Investors, while giving you the opportunity to share your thoughts and concerns on this topic.
Did you have to renew your mortgage lately? Did you notice the additional questions/documents required? Do you know that there is no ‘0% down payment’ available? We are back to the minimum requirement of 5% down and now there are talks of increasing this figure to 10%. These changes are not directly related to the current sluggish economy but rather due to the overly extended amount of fraudulent mortgages.
You may be approved to purchase a home/condo by an institution and yet be declined at the last minute if any of the information provided is not absolutely clear and correct. Make sure to work with a renowned professional. Should you need a referral, just ask me!
Here is some good news for you, my readers; a conventional mortgage is now down to 80%.
