Is it the right approach? No, and there are always the innocent who get caught up in it.
As a result of the mortgage or housing crisis or whatever you want to call it, it seems that even those with excellent credit sometimes find themselves facing an uphill climb to get a new mortgage.
In this market if you are looking to buy a house, condo or even refinance, it is imperative that you seek out a mortgage professional early on in the process.
This may be an excellent time to enter the housing market. I was speaking with a real estate investor a few days ago who reminded of what she had been told years ago...sometimes doing the opposite of what everyone else is doing is the right move.
- Interest rates are still very reasonable.
- Prices are still very attractive.
- Short sale properties are still a primary influence on the real estate market.