'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
House hunters in the Washington area, eager to lock in a housing payment at today's low mortgage rates, are bumping up against an unexpected obstacle: competition.
"Buyers should clear up any credit issues and make sure they have the cash for closing costs and a down payment," she said. "The bigger your down payment, the more realistic it is that your loan will go through."
Ms. Hooks said listing agents and sellers often are concerned that the financing will fall apart before settlement, so she suggested finding a reputable local lender.