Current questions you may have after viewing recent news reports:

1-Can you still get a mortgage? Yes absolutely.

2-Do you have to put 20% down? No we still have 3% down programs.

3-Are interest rates high? No actually they are real low currently,6% and lower according to the credit rating and program.

4-Why are they reporting it to be difficult to get a mortgage? The underwriters are looking at the documentation much harder than in the past.Appraisal, Employment verification, Asset verification, credit scores Etc.

It is taking longer for the approval but a good loan is still being approved.

Most programs are still intact, and this is one of the best times in many many years to buy a home.

For 1^st time buyers it is even better, They can accommodate the sellers timing needs and therefore receive a favorable sale price and also take advantage of the $7500. Tax Credit.

If you have any up to date questions on financing, please let me know.