A perspective on the biggest misconception about banking and home purchasing
By Scott Larson, SRES
(First Weber Hedeman Group )
This is Steve Kundert, he is the Residential Mortgage Loan Officer at Anchor Bank in Monroe, WI. I asked Steve what he thought was the biggest misconception in banking today as it relates to home purchasing. This is what he had to say. "One of the biggest misconceptions about banks and home purchasing in today's housing market is the banks are out of money and not providing loans. That's simply not true. The lenders ar AnchorBank work with customers every day to make sure they know how much home they can afford and what the loan process will be. In fact, in some cases low or zero down payments are still available for low-income home buyers. If you find the right lender and know what you can afford, now is actually a great time to buy, as rates continue to drop to near historic lows. T...
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