Mortgage Rates May Go Even Lower in 2020!Homebuyers can rest assured they’ll still get agreat deal on a mortgagethis year, even if they’re paying a high price for the actual home.In a
Jul 9 2017 38376 1
Dated: 07/09/2017
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6 Reasons Why You Should Buy a Home Right Now!
Okay so you say you’re broke and can’t afford to buy or your credit score is really low. There are solutions to your problem and I would love to talk to you about options like repairing your credit or getting help from a family member for a down payment.
Reason one is interest rates are historically low and we may not enjoy this in the future. Interest rates can save you hundreds of dollars per month and tens of thousands over the loan term.
Reason two is that rents are high in many markets and have risen in the past five years due to demand from many homeowners losing their home to foreclosure and short sale. They also need to repair their credit and save money again.
Reason three is that qualifications from lenders are easier now since banks have loosened the reins. You can get an FHA loan with a minimum credit score of 620 and a 3 ½% down payment.
Reason four is private mortgage insurance fees are down for those that need to put less than 20% down. You can save $75.00 per month or $900.00 per year!
Reason five is home ownership is still one of the best investments out there. Price appreciation and building equity will give financial stability and improve your credit score if you stay current on payments.
Reason six is that it feels good to own your own home. Pride of ownership, not worrying about rent increasing and money spent on fix-ups will benefit you. Give me a call if you think you might be ready to make the move to see how you can be the next home owner at 818 262-0924.
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Based on information from California Regional Multiple Listing Service, Inc. as of February 22, 2020 9:38 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
