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|The real estate market in the United States is going through a lot of changes these days, and as a result, it is extremely important that you understand what is happening in your particular area before deciding to buy, sell, or rent a home. A great way to get some background knowledge on your city is to read industry blogs and newspapers, or if you are more an Internet person there are several large real estate communities where you can ask questions and get local experts to answer them. Trulia, Red Fin, and many other websites allow you to interact with other people to get a better sense of your local market. In addition, Zillow can give you an estimate on the worth of almost any home in america. It should be noted that these estimates are just estimates and should not be taken as the true value of the home.
There are several things that you should think about before talking with a mortgage broker about your mortgage. First off, you should find out what the current rates are for your area. This can be done by calling a local bank or looking in the finance section of your local newspaper. Then you should figure out how much money you can afford to spend on a monthly basis taking everything into account. Once you know your budget, you should also research the various types of loans and know the pro's and con's to each. Once you are armed with all this information, it's time to find a broker. Your best bet is to use a service which sells your information to several different lenders and lets them fight for your business. Just be aware that you will get a lot of phone calls over the next 2-3 weeks.