I can’t say how many times I’ve had people say that it is nearly impossible to get a home mortgage at this time.  The have also said that they heard you need 20 or 30 percent down to get a loan.  These two are really the biggest fallacies in today’s market.  I refer to them as Washington Post headlines!!  As with most new articles, you really need to read further down to fully understand the story.  Those people with bad credit or other issues may well need to come up with 20 or 30 percent, but the majority of people can typically get a loan with only 10 percent down and in some cases there is still  mortgage money available with only three or five percent downpayments.  Each of the lenders that I deal with have assured me that they have plenty of money to lend and at very good interest rates.  Don’t let the myths keep you from getting into this incredible buyers market.

Don’t get caught waiting for the bottom only to find that the sellers’ market has returned.  Once this happens it will be too late to take advantage of this incredible opportunity.

Contact me at Bob@BobNelsonTeam.com for more info.