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All You Need to Know About Taking Out a Home Loan in 2022

The real estate market has shifted tremendously since the start of the coronavirus pandemic. Now, as we approach the two-year mark since COVID-19 reached the U.S., the market continues to adjust to the changing economic environment, rising inflation, and fluctuating demand. If you’re looking to take out a home loan in the near future, it’s important to learn about the current market trends and what you can expect in the coming months. Here’s what you need to know about taking out a home loan in 2022.

Market trends

Experts are predicting a somewhat cooler real estate market in 2022. Here’s what to expect among some of the different factors in the market.

Tips for buying a house in 2022

If you plan on buying a house in 2022, here’s how to make the most out of your search:

Keep these tips and considerations in mind as you begin your quest for the perfect new home. A little “pre-home” work can help make a big difference in the enjoyment of your home and your overall financial health for years to come!

If you’re entering the market for a new home, we can help! Sooper Credit Union offers home loans that feature competitive interest rates, an efficient and smooth application process, and the personalized service you’ve come to expect. Call, click or stop by today to get started.

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