House Mortgages

The market now a day is not good. It is not the right time to buy a new property. If you are a new home buyer there is a probability that you will going to have a hard time getting a mortgage. Unless you already have a house and want to remortgage, then it will be a different story. My husbands’ cousins are been trying to sell their house for almost couple year now. Still they have no luck in finding a buyer. Their plan is to buy another house. They already approve on another mortgage for a new house. They only waiting for a buyer for the house they are selling. Unlike few years ago another friend of us bought a house. As I remember he was not having trouble in getting a mortgages. One thing that helps them was they had a good credit record. This is the secret have a good credit record the better chance of getting mortgages. The market right now is not a buyers market that means there are more houses selling than a buyer. Living in Massachusetts we are hearing a lot of foreclosure. Which it is not good? People are struggling in paying their mortgages.