1. Rising Interest Rates: Interest rates have been on a steady rise in recent years, and this trend is likely to continue in 2021. Homebuyers and homeowners should be aware of the impact of higher interest rates on their mortgage payments.

2. Loan Qualifications: Mortgage lenders are becoming more stringent in their requirements for borrowers, so securing a mortgage approval may require better credit and more financial stability.

3. Increase in Home Prices: Home prices have been steadily rising in recent years, making it harder for some buyers to afford a home. Buyers should look into strategies such as saving for a larger down payment, or considering homes in less expensive areas.

4. Alternative Lenders: Alternative mortgage lenders are gaining in popularity, providing more options for borrowers and increasing competition among mortgage providers.

5. Digital Mortgage Applications: Mortgage lenders are embracing digital mortgage applications, making it easier for borrowers to apply and receive approval without having to visit a physical office.

6. Smaller Down Payments: Some lenders are now offering mortgages with smaller down payment requirements, helping more people to realize their homeownership goals.

7. Appreciation of Equity: As home values continue to rise, homeowners may find that they have more equity and borrowing power, making home improvements or refinancing more possible.

8. Remote Home Appraisals: Appraisals are becoming more efficient with the help of technology. Some lenders are now allowing virtual appraisals, making the process quicker and more streamlined.

9. Refinancing: Many homeowners are taking advantage of low interest rates to refinance their mortgages and save money on their monthly payments.

10. Green Mortgages: Environmentally sustainable homes are in high demand, and some lenders are offering green mortgages that reward homeowners who invest in eco-friendly retrofits and upgrades to their homes.