With the economy being as volatile as it is and the real estate market cycling through its “ups and downs” we are hearing nothing but how things are rough right now. We had a crash in the sub prime lending world and as our market continues to shift, we continue to experience changes in lending. Lenders are tightening their belts as they assess mortgage applications and things have changed a lot in the last 20 years. What closed the door for homeownership for buyers then may not be a factor today! Lets clear up some common homeownership myths:
Myth #1: you can’t get a mortgage if you have changed jobs several times in the last few years.
Fact: This is incorrect. You can still get a loan to buy a home even if you have changed jobs several times. Lenders understand that people change jobs. The important thing is to show that you have had a stable income!
Call The Chappell Team today to help you with your real estate needs!
