Everybody has gone shopping for one thing or another so this should apply to mortgage loans too. By taking the time to shop around for the best rates available, you could be saving thousands of dollars during the life time of the loan. So it pays to be aware of the cost associated in obtaining a ... [Read More]
Have you been thinking about when it may be the best time to purchase a property? Well, here’s 5 reasons why you might want to make that big step now. Don’t forget, real estate has cycles. We are now in a buyer’s cycle and it’s the best time to take advantage of the market place. Remember, not ... [Read More]
Have you been thinking about when it may be the best time to purchase a property? Well, here’s 5 reasons why you might want to make that big step now. Don’t forget, real estate has cycles. We are now in a buyer’s cycle and it’s the best time to take advantage of the market place. Remember, not too long ago, the last seller’s market? Do you remember when prices went through the roof and properties were selling like hot cakes? Does multiple offers to buy a home and bidding over the asking price sound familiar? Well, it’s better now. If you can get into a property today, you’ll be able to ride the wave of the next seller’s market.
So how are you going to get the money to take advantage of the opportunity? Unless you have lots of cash to make that purchase, you should see your banker or loan agent to see how much you can borrow. If you need to scrape up some money for a down payment, here’s 7 ways that may help. Good Luck!
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FHA loans have been around for a long time, however, it is more popular these days then ever before. Borrowers can qualify for a loan with as little as 3.5% of the sales price. Here are some things to know about these types of loans. With the way the economy is today, these programs can help ... [Read More]
If you don’t already know, California is offering up to $10,000 in tax credit for qualified buyers on or after March 1, 2009 and before March 1, 2010, can purchase a principal home that has never been occupied. The buyer must live in the new home a minimum of two years immediately following the purchase date.
Applications will be reviewed ... [Read More]
If you don’t already know, California is offering up to $10,000 in tax credit for qualified buyers on or after March 1, 2009 and before March 1, 2010, can purchase a principal home that has never been occupied. The buyer must live in the new home a minimum of two years immediately following the purchase date.
Applications will be reviewed and credit allocations will be made on a first-come, first-serve basis. Once $100,000,000 has been allocated, the tax credit will no longer be available. Please check the website below for updates on the allocated and remaining credits available.
Don’t miss out before the program money runs out!
For more info, visit: http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml
Excellent interest rates for new mortgages that will make payments lower. With the lower interest rates you will need to make less to qualify. Rates have not been like this for 40 years and may not be again!
The marketplace is experiencing lower prices, which translates to more selection and opportunity for buyers.
Sellers are more willing ... [Read More]
Excellent interest rates for new mortgages that will make payments lower. With the lower interest rates you will need to make less to qualify. Rates have not been like this for 40 years and may not be again!
The marketplace is experiencing lower prices, which translates to more selection and opportunity for buyers.
Sellers are more willing to negotiate on their home– not just on price but on other things. Buyers who are still in the market are probably very serious and definitely worth working with.
People were still buying homes in the early 80’s when interest rates were18% for FHA and 7 points. Buying a home, even at high interest rates was still a better alternative than renting. If a person has a job and mediocre credit, buying a home is a definite recommendation. The mediocre rate is probably 8%, great time for mediocre credit.
People moving up from start homes to average or mid-price homes are also likely to continue to buy even in slow times. The reason is that they have equity in their current home and with the low rates available, can
afford a much larger home at close to the same payment they are currently making. The buyer can also pull equity or buy investment property.
Thats why you should buy your house now!
