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.
"If you've been given a full preapproval for a mortgage of $850,000 and you're only borrowing $750,000, you can be pretty certain that you can waive the financing contingency," Mr. Moraru said.
Cover story: Strategies shift as buyers again face competition →
"It's important to make an offer with your head and not your heart," he said. "The more education you have, the easier that is."
Cover story: Strategies shift as buyers again face competition →
