Tag: montana real estate agent
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5 Mortgage Tips for Home Buyers
Here are some tips from Bankrate.com on securing a mortgage, getting the best rate, and more. 1. Be prepared to document your finances. Buyers need to prepare for extra review by lenders when underwriting mortgages due to new mortgage regulations that took place in January, particularly in proving the buyer’s ability to repay their loans. […]
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Rising Home Prices Lower Affordability
Strong price gains are starting to lower housing affordability- especially in the West. The average price of a single-family home rose in 73% of housing markets in the fourth quarter of 2013, 26% of which had double-digit pricing gains. Lawrence Yun, NAR’s chief economist stated that, “The vast majority of home owners have seen significant […]
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