SewellFried531
出典: くみこみックス
Purchase a Home Now and Save Big
The housing market remains at all-time, buyer-friendly levels well into 2012. Home values are still close to the bottom, and interest rates are at historical lows. The value you can get for any home now's so much greater than it was just a couple years ago because your dollars go so much further. Some estimates have home prices down between 30-40 percent since 2007, so your money will go further. Foreclosures and shorts sales still abound, and when you are able to deal with the irritation of the red tape, you will get even better deals there.
If you or somebody is thinking of purchasing a home within the next year or two, there are some points to consider. First, home prices are slowing rising, with increases in August 2012 of approximately 2% (for homes not in foreclosure or short sale). This may not be a significant increase, but within the life of the loan, small increases in principal costs can multiply as interest compounds with time. A rise of 4-6% can often mean tens of thousands within the lifetime of the borrowed funds. Secondly, we do not expect interest rates to rise quickly, however, you desire to be in a position to secure an interest rate this low in the future. Avoid any adjustable rate mortgages while rates are at these historic lows, and watch for indications of increases. Going up a half a point to some extent around the interest rate often means a significant rise in the total loan cost over the life of the loan. Third, your rate and payment will depend on your credit rating and down payment, and going for a very little time to repair up credit or get together a payment in advance can bring your rates and payments down some, but could be quickly offset by small increases home based prices or interest rates.
You will get educated on what your location is so when is the best time to buy by talking to a lender and starting the pre-approval process. This will let you know how much for rates, how much you can borrow, and what that you can do to enhance those numbers. Getting equipped with a pre-approval usually makes the entire process go smoother and reduces headaches once an offer is created on the home. If you're able to be eligible for a good rates now and get an excellent price for any home (and when matches your budget), now may be the time for you to act. By purchasing a home when prices are low AND interest rates are low, you'll emerge better over time. Smart investors state that cash is made in real estate at the purchase - and getting a good deal and a great rate can help you win long-term as house values increase with time.
