Mortgage Trends
He adds that market inventory has remained a concern for both realtors and lenders. “New housing starts are beginning to ramp up and we should continue to see those first time home buyers, that were sidelined during the meltdown, continue to buy and search for homes,” Hoover says. Knowing your credit score is paramount in today’s market. “You should examine your credit score at least six months before even thinking about buying a house,” Hoover says. Loan applicants should “know that their financial and credit life will be an open book. If they are unwilling or simply refuse to …