INCREDIBLE TIME TO BUY! First time buyer, investor, relocating? Historic mortgage rates won't last forever!! Big banks like Bank of America, Wachovia, Wells Fargo, Chase... all clammering for mortgage business whether for new mortgages or refinancing.
We recommend calling who you bank with first... they know you! See what rates they would give you for a new mortgage. Shop around. Read and learn the best ways to find the right mortgage for you and save money. Below are our favorite books on the subject. EDUCATE YOURSELF! Banks, lenders and mortgage brokers are NOT going to tell you what you need to know to save money and get the best possible mortgage terms!!!
Biggest difficulties for buyers right now... coming up with the down payment, qualifying for the mortgage (credit score), and getting the property qualified (if a condo).
If you're trying to buy a condo, that's the trickiest of all property to buy right now. Not impossible, but some due dilegence and research is needed before you proceed. Banks aren't loaning for condos in buildings with lots of foreclosure activity. Consult your realtor, real estate attorney, or give us a call - and get the professional guidance you need.
HISTORIC LOW MORTGAGE RATES. Most industry insiders don't believe these rates will go much lower, if at all. They've been somewhat stabilized for a couple of months, but don't assume these rates can stay this low forever. If you have a 620 credit score or higher, and are in the market to buy, now's a really great time.
Currently, there are 1900 condos & townhouses between Miami and Fort Lauderdale that are asking $50,000 or LESS!!! And single family homes? There are over 900 single family homes (2, 3, 4 bedrooms) for sale asking $75,000 or LESS!! When in history do we think this will happen again??? (there's no crystal ball in real estate, wish there was!)
IF YOU'RE IN THE MARKET TO BUY, AND THINK YOU CAN QUALIFY FOR A MORTGAGE... EMAIL ME WITH WHAT YOU'RE LOOKING FOR! I'LL FORWARD PROPERTIES FOR SALE THAT MATCH YOUR CRITERIA, AS SOON AS THEY POP UP ON THE MARKET! The best deals get snatched up right away. Get on top of the game!!!
