Mortgage Tips for Falling Real Estate Markets

It can be difficult to obtain a mortgage in a falling market.

When a real estate market falls, it’s unwise to play by the same mortgage rules as those that apply in a fast-moving market. In a hot market, you might have to waive the contingency for a loan. In a slow market, buyers can demand that sellers pay loan points or subsidize mortgage payments and still retain the right to walk away from the deal if the loan falls through.

I’ve put together a series of tips about to get the best mortgage when the market is depressed. These mortgage tips will give you a few alternatives that you might otherwise overlook such as whether you should consider an FHA mortgage, or how to determine the best time to lock your loan, in addition to ways to negotiate with the seller to get concessions . . . read more about Mortgages in Falling Markets.