Attention: First Time Buyers!
It would be easy to be lulled into a false belief that our current market conditions will last forever.
While prices may remain soft in the foreseeable future, financing is your bigger risk if you are short on cash or have less than perfect credit.
Mortgage underwriting rules are literally changing by the hour according to some of my friends in the lending profession.
Many loan programs allowing little or nothing down are already nearly extinct.
Higher credit scores and larger down payments are now required for virtually every type of loan, and you can expect a higher interest rate for substandard credit scores (if you can even get a loan).
The bottom line?
If you wait, you may not get a better price and you may end up not being to buy anything!
Call or e-mail me now and let’s see if we can help you become a homeowner!
I will guide you through the home buying process and answer your questions.
I love working with motivated future homeowners!
April 9th, 2008 Posted in About Our Area, Buyer Stuff
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