Hello everyone!
Attached is an article from the Wall Street Journal (8-5-14)
that you may want to pass along to prospective buyers – at least use the
information to help get them off of the fence!
Here are the takeaways:
1.
Lending Standards for mortgages are easing amid
sustained increases in the US home prices.
2.
One in four major US Banks have announced easier
guidelines for qualified borrowers.
3.
Investor demand for prime mortgages rebounded to
its highest level in a year.
4.
If you have good buyers that couldn’t qualify
6-12 months ago, there’s a good chance that they can now – see your favorite
Royal Charter Loan Officer.
5.
Mortgage interest rates are almost certain
to rise this year – use articles like this to get your buyers in the game or
off the fence. Now is a great time to buy!
Good luck (and, remember, you can find this article under “Agent
Stuff” and then “Stuff You Need to Know” on the LP website)!
Patrick
