Mortgages Cheap But Hard To Get

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.

http://rismedia.com/lowes/8355/10560

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

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