Real Estate From A to Z
By Aaron Zapata
I found this article this morning (see link below) that outlines some of the difficulties we see when getting a mortgage in today’s market. Although the article is written for the Philadelphia real estate market, we are experiencing the same frustrations here in Southern California.
I recently had a client who needed to provide documentation to his lender regarding a $40 deposit. The bank wanted to know that the $40 was not a personal loan or undocumented income. It was rather mind-boggling, but that is the way it is right now.
If you are planning to buy a house, consult with a great lender first so that you can prepare yourself for the process.
Here’s a link to the article.
If you have questions about buying a home in today’s market, feel free to contact me at (800) 573-1520 or by email at Aaron@AaronZapata.com