While it’s no secret the real estate market is down, houses are still selling. In fact, even in tough buyer’s markets, some homes will get a ton of showings and even multiple.
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Now if you’re getting, renewing, or refinancing a mortgage, you will likely have to pass a financial “stress test” set by the federal government. This proves to your lender that
Shopping for a new home can be stressful… there’s a lot of inventory on the market right now and you want to make the right choice! But you should also remember that it’s a