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5 Steps to the Home Mortgage Process

5 Steps to the Home Mortgage Process

5 Steps to the Home Mortgage Process

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local REALTORS® professional network to determine how much you can afford.

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Kris and Kim Darney – REALTORS® – Grandparents – 909.985.9392 – CA BRE# 01930954; 01464957; 01458057

712,000 US Homes Moved Into Positive Equity in 2017

The average homeowner gained approximately $14,900 in equity during the past year. Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.

Summary
5 Steps to the Home Mortgage Process
Article Name
5 Steps to the Home Mortgage Process
Description
Take advantage of the knowledge of your local REALTORS® professional network to determine how much you can afford.
Author
Who
Kris and Kim Darney - Your REALTORS® for Life
Us
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