As people sit on the sidelines and wait for the U.S economy to settle down and get on track; many people are taking advantage of a down market. Stocks are down and most people understand it is a golden opportunity to do what every stock investor knows "Buy low, sell high." Although the timing for the U.S. Economic collapse is hurting many Americans whom were marginally surviving pay check to paycheck, many other sectors of the population are tightening up and trying to make smarter investments.

The numbers on foreclosure properties across the nation are high and the number of Buyers for these foreclosures seems to be on the rise. There are still people that need to purchase homes and regardless of the timing and or economy, will be forced to make a move in the coming months amidst our financial crisis. First-time home buyers are coming out and seeing the low priced foreclosures and great financing opportunities. Interest rates are still considerably low and the opportunties to make a good long term investment Real Estate investment is becoming more appealing.

The American Dream of homeownership is alive and kicking the doors of banks to lend money. People are becoming more educated on what is expected from a borrower to qualify for a home. The days "Give us your pulse, we will give you a loan" are gone and will probably not return within the forseeable future. Borrowers understand they need to save money for a down payment and are willing to do so when home prices are seemingly more affordable.

Can I still purchase a home in this market?
The short answer is "Yes," if you are willing to put forth the time and effort it requires to get educated and hire professionals to help assist you achieve your goals. Over the coming weeks we will be taking a closer look at the important factors are to determine whether or not you can qualify for a loan. We will have an in-depth look at factors that can make or break the dream of homeownership. Below is a list of factors we will be discussing in detail, use these factors as a guide to help you get on the path to homeownership.

Basic Factors In Loan Qualification:
1) Credit
2) Employment
3) Income
4) Down Payment
5) Assets