NicelyWeiser564
出典: くみこみックス
Purchase a Home Now and Save Big
The housing industry remains at all-time, buyer-friendly levels well into 2012. Home prices are still near the bottom, and interest rates are at historical lows. The worth you can get for a home now's so much greater than it had been just a couple years back since your dollars go so much further. Some estimates have home prices down between 30-40 percent since 2007, which means your money goes further. Foreclosures and shorts sales still abound, and when you are able to deal with the irritation of the red tape, you will get better still deals there.
Should you or someone you know is thinking of buying a home within the next couple of years, there are a few things to consider. First, home values are slowing rising, with increases in August 2012 of about 2% (for homes not the foreclosure or short sale). This may not be a significant increase, but within the life of the borrowed funds, small increases in principal costs can multiply as interest compounds over time. An increase of 4-6% can often mean thousands within the life of the loan. Secondly, we don't expect interest rates to rise quickly, but you want to be in a position to lock in a rate this low for the long term. Avoid any adjustable rate mortgages while rates are in these historic lows, and watch for signs of increases. Rising a half a place to some extent around the interest rate often means a major rise in the entire loan cost over the life of the loan. Third, your rate and payment is determined by your credit rating and deposit, and taking a very little time to repair up credit or get together a down payment can bring your rates and payments down some, but can be quickly offset by small increases in home prices or interest rates.
You will get educated on what your location is and when is the best time to buy by speaking with a lender and starting the pre-approval process. This can let you know what you can expect for rates, how much you can borrow, and just what you can do to improve those numbers. Getting armed with a pre-approval usually makes the entire process go smoother and reduces headaches once an offer is made on the home. If you're able to qualify for good rates now and obtain a great price for any home (and when fits in your financial allowance), now could be the time for you to act. By buying a home when prices are low AND interest rates are low, you'll emerge better in the long run. Smart investors say that cash is produced in property at the purchase - and getting a good deal along with a great rate helps you win long term as house values increase with time.
