Mortgages in 2018: The Good the Bad and the Highly Regulated

To secure a mortgage in 2018 there are several basic concepts to keep in mind depending on your situation.

• The economy is strong: This means that more and more people are staying in one place, which limits new inventory coming into the market.
• Millennials are here to stay: More and more millennials are finally moving out of their parents basement and looking to start their lives with their own place. While it can be challenging for some first time home buyers, if more buyers are competing for less home, it means that your offer has to be as strong as possible!
• Selling a house still requires a plan: Just because it’s a very strong “seller’s market” right now, doesn’t mean sellers don’t have to make sure they have the right plan (and price) in place.
• Be prepared to fight: There’s lot’s of advice out there, not all of it 100% accurate, but the best advice is still to be prepared. If you’re looking to buy, that means knowing where you are at BEFORE you’re actively pursuing a particular home. Take your time in the search, make sure all of your questions are answered, and know where your costs will compare to national averages.

The best thing you can do, no matter what you are looking to do in real estate, is call Team Hochberg. We’re ready to help, but we can’t help if you don’t call 855-563-2843 or visit our website today!