Highlands NC Real Estate to Benefit From Lower Down Payments

Highlands NC real estate is sure to benefit from lower down payments requested from lenders.  While 20% is thought of as the standard, many lenders are now accepting 15% for wealthier clients.  This is great news for the Highlands real estate market as many of our homes are luxury homes.  While not all banks and lenders have dropped the down payment requirement to 15%, many of the larger lenders have, including Bank of America and Wells Fargo.

Highlands NC real estate has improved with a loosening of the mortgage industry.  The easier it is for buyers to secure loans the more homes will sell and this has been helping markets all across the nation after lending came to a virtual standstill during the recession.  Highlands luxury homes tend to stand on more solid footing as buyers tend to be more financially stable and capable of more borrowing power.

Contact us today to learn more about buying and selling Highlands real estate.  We keep our fingers on the pulse of the market in order to keep our clients educated and up to speed.  We know Highlands NC and we know Highlands real estate!

#HighlandsNC, #HighlandsRealEstate

Click here to read “For down payments, 15% is the new 20%, Lenders are easing loan demands on wealthy borrowers as home prices rise” from Market Watch.

About the Author
BERKSHIRE HATHAWAY HOMESERVICES MEADOWS MOUNTAIN REALTY has been serving the Highlands NC and Cashiers NC areas offering exclusive mountain real estate and country club properties since 2003.

We recognize that there are many important aspects to consider in making a real estate choice. With that in mind, we listen closely to the needs and desires of each individual customer and work diligently to find the ideal mountain property or to sell your property as efficiently and effectively as possible. However, our job does not stop there.

Once you have made your real estate decisions, we are here to help you in any way that we can. It will be our pleasure to familiarize you with all aspects of the Highlands and Cashiers communities, including home, professional and personal services as well as activities, restaurants, health care and shopping. We will go the extra mile to ensure that your experience in the mountains exceeds your expectations.

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