Borrower's Outlook

LenderStreet's columnists (that's us over there) join forces with lenders in your area to keep tabs on the mortgage market. Together we offer timely insights toward a positive loan experience.

I understand that finding an agent is usually a word-of-mouth process, but I don’t know anybody who has bought a home in the area recently, so I went to the search engines. I Googled and Binged agents around the Kansas City area until my fingers bled (not really) and either called or emailed every one of them.

Read more about my adventures as a first time homebuyer

Just remember that if you're trading up, make sure it's a move that you can afford. Just like you figured out with your starter home that you were going to be able to afford the mortgage...

Read more about what financial experts have to say on buying your home in today's market.

The New York Times ran a story on Thursday about foreclosure scrutiny increasing across the country because some lenders and lawyers tried to cut corners to speed the foreclosure process along.

Read what this means for existing foreclosures

We seem to be at the point in the housing bust where no one really knows what will happen. You have a lot of wacky ideas out there about what to do and a plethora of government programs that are meant to start a recovery or at least reduce the damage.

See what a Fannie Mae survey says about the future

Homeownership is unrealistic for many; the reason being most cannot afford the monthly mortgage payment. One of the reasons for the housing crisis was that unrealistic buyers were able to buy and bought houses outside of their means.

It’s become increasingly more difficult to secure a mortgage these days, and there seems to be a shift toward accepting renting instead of rushing into homeownership. However, homeownership still makes sense for a lot of people who can afford it and it’s a buyer’s market. Not only are home prices more affordable than during the housing boom, low interest rates have made owning a home more affordable.

Find out the most affordable places to live