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Mortgage rates are record low but restrictive lending by banks makes it hard to get a good loan in most parts of the country. Some cities are better than others for borrowers as these cities have the lowest percentage of foreclosures and delinquencies, including a low percentage of bank homes.
In most of the cities on this best list, home prices are actually rising. This kind of solid housing market motivates banks to offer lower rates and better terms.
Here are the 10 cities that Forbes ranks as the best for borrowers:
1. Kansas City, Mo.
2. Houston
3. Dallas
4. Virginia Beach, Va.
5. San Antonio, Texas
6. Boston
7. Pittsburgh
8. Denver
9. Seattle
10. Portland, Ore.
Read to find why these cities are the best for borrowers.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Top 10 Cities for home loan borrowers is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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