A new year brings plenty of resolutions, and this year will also bring plenty of change when it comes to mortgages. These changes will affect the market in several ways, according to a 2016 Digital Money Trends Report. Here are some trends that may be here to stay in the year ahead.
- You’re going to need a bigger down payment.
- Asking for help will be the norm
- Five-year fixed falling out of favour
- Revitalized use for mortgage brokers