Basic Home Buying Skills Sacramento CA

The fundamentals still apply. It's time to get back to the basics of buying a home and not just because lenders are forcing your hand. It's the financially savvy thing to do.

by Broderick Perkins
© 2008 DeadlineNews.Com


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Deadline Newsroom - Lenders tightening their purse strings have sent a signal to potential home buyers to do the same.

There's really little choice.

Just as lenders more and more often make certain mortgage applicants are gainfully employed; are sure borrowers can actually afford to pay the mortgage during it's full term; and more carefully document that buyers have the cash to cover additional costs that come with home ownership, potential home buyers need to get their financial house in order.



"If people were really responsible for their own financial behavior that would have taken the power away from people who put them in these (risky) loans," says Shawneequa Badger, a real estate agent with Century 21-Alpha in San Jose, CA.

"The reason for all the creative financing was because people didn't want to do the work. Well, now it's time to do the work or cut your losses," says Badger and other agents who are stepping up to provide an approach to home buying that doesn't require classes in the school of hard knocks. ...

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