The American Bankers Association (ABA) has published a new infographic offering five tips for homebuyers as many potential purchasers grapple with the process in the current economic climate.
The infographic outlines the reasons why people may struggle to purchase a home, from supply chain challenges to increased purchases by institutional investors and rising interest rates. Tips to overcome these challenges include addressing credit problems prior to seeking a loan, offering a larger down payment, and getting pre-approved for a loan before beginning the house-bidding process.
Learn more tips and view or download the infographic on ABA’s website.
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