Did you know that now may be the best time ever to buy a home? A number of reasons add up to make that possible. Here are the main things every pre-qualified home buyer should know.
-Most pre-qualified homebuyers already know that the mortgage interest rates are historically low. Although, there should be a sense of urgency about locking in the rate. With just a small increase that could happen anytime, buying power could be hurt tenfold. Just a 1% increase can put that now affordable home out of reach.
-The homes market has become more animated with advantages for buyers in pricing and inventory. Pricing is leveling out and home inventory has less constraints.
-Many more options in home loan programs have been established. These give buyers more access to affordable home choices. This is true especially for those willing to consider buying a fixer-upper. Tip: Academy offers loan programs with low down payments or zero down payments!
-Many Americans are feeling better about economic growth with recent news about job creation and more access to credit.
-Did you know the strict guidelines the last recession brought on have been loosened? That’s great news especially for buyers with weak credit and first-time homebuyers. They can get home financing more easily. In a lender confidence environment, more Americans are being approved for mortgages.
What is holding you back from making a home purchase? Get the help and direction you need. Call or email the LaRoche Real Estate Team Today.
