New regulations from Congress are aimed at stabilizing the housing and mortgage markets for future buyers. With property being available at the moment and pricing being very much in the favor of the buyer lawmakers want to ensure that they are protected.
In addition to the Foreclosure Prevention Act politicians are creating a "Housing Package" to aid buyers and in the respect of mortgage, aid borrowers to make it easier for them to get qualified by extending the availability and guidelines of government backed programs – including FHA.
When going looking for property it is important to know how much you can afford and in that case a prequalification for a mortgage is a must! On our website you will see more information on getting pre-qualified!
If you are considering purchasing a property in the New Albany or metro Columbus area then please contact the Raines Group today.