SPECIAL SECTION REAL ESTATE
1. Mortgage.
Applying for a mortgage can be an intimidating process,
but if you prepare accordingly, you’ll be happy with the
outcome. According to LendingTree.com, mortgage lenders
are allowing higher debt levels for borrowers with lower
down payments (as little as 3 percent on a conventional
mortgage loan). You may not need the typical 20 percent
down that was required of homebuyers a few decades ago.
If your debt-to-income ratio is high, you may not have
to worry. Mortgage companies are making it easier for
borrowers with more debt to still qualify.
Continued on next page >
SEWICKLEY
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SUMMER 2018
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