Applying for a Mortgage? Smart Tips for Budget-Conscious Buyers

With the continued acceleration of the residential housing market, many prospective home buyers are feeling a little anxious. Along with the fact that falling home inventories are making it more difficult to actually find a home to purchase in many areas of the nation, there are also growing concerns that mortgage interest rates will begin to trend upward more quickly. Since these low inventories of available homes can result in having to pay top dollar for a home, prospective buyers are wise to seek out mortgages that offer them both an affordable home purchase and a budget-friendly mortgage payment after the closing.…