Getting Ready To Buy A House - Again!

Earlier this year, I attempted to buy a house, but was unable to. Luckily, the reason was due to no fault of my own. I had a horrible mortgage broker who didn't do what he was supposed to do, and he ended up ruining the deal for me. Luckily, I was not (too) upset by it because I know that all things happen for a reason.

About 4 or 5 months have passed, and I've decided to go back in and start again. Now that I've been through the process before, I pretty much know what to expect and already have all the paperwork I need.

I would be lying, though, if I didn't say that I wasn't a little apprehensive about being rejected. Even though I was not denied for a loan previously, in this market you don't really know what to expect. I am blessed that I have been on my job for almost 9 years, my credit is good and I'll be able to make a decent down payment.

The two main things that scare me are 1) even with everything I have going for me, that has proven NOT to help some people in buying a house. They've actually been denied! I am praying that doesn't happen to me, but it is a possibility. Then 2) housing prices have decreased dramatically! I know that's not news, but there are houses that I looked at back in Feb/March that are STILL on the market and have come down so much. I'm scared of the neighborhood(s) turning into a ghetto. I was born and raised in a ghetto, and refuse to go back. Now that housing prices are dirt cheap due to foreclosures and then other houses in the area going down (because of the foreclosed properties), there's a possibility that any neighborhood could turn into an undesirable one. I just have to pray that all goes well.

Luckily, there are many houses to choose from so I can truly pick one that I love.

Later.