Louisiana Home Buying
Real estate investing and home buying are on the rise in Louisiana as both existing and new home inventory has increased. Louisiana home buyers are turning to their local mortgage lenders and mortgage brokers to make their dream of home ownership a reality. Although lending requirements have tightened, many borrowers can find a mortgage loan to satisfy their home purchase needs. Lenders are advising Louisiana borrowers to check their credit report to determine if it accurately reflects current financial behavior. Corrections can be made on items where debt has been settled but not reported or if the creditor misreported information. Home owners interested in mortgage refinance or home equity loans should go through the same process to obtain a mortgage loan.
Before shopping for a home, Louisiana buyers are urged to check the new home communities in addition to existing inventory. For example, Sunrise Homes is creating new neighborhoods in both the Baton Rouge and New Orleans area. Another local builder, Townsend Homes are being built throughout Southeastern Louisiana.