According to Freddie Mac chief economist Frank Nothaft and this article from REALTOR.com, interest rates for 30 year fixed loans climbed this week due to several factors. Mr Nothaft said on Friday, "economic uncertainty is responsible for the movement in mortgage rates". He also noted that some borrowers are finding it difficult to obtain mortgages due to stricter credit standards.
If you have wanted to buy a home and found it difficult to get financed, you are not alone. If you truly want to take advantage of the current low rates (before they go up again) and excellent deals available, please call me. I have several techniques that can help you obtain the financing you need to buy your first home. I can help you find a home that will meet your needs and one that also has instant equity. This is very important because when a loan officer looks at the property, you will start out from a very strong position before he even looks at your credit.
Call me today and let's find a home that will put you on the road to financial freedom and also to own your part of the American Dream!
Michael Bradford
770-862-8002
If you have wanted to buy a home and found it difficult to get financed, you are not alone. If you truly want to take advantage of the current low rates (before they go up again) and excellent deals available, please call me. I have several techniques that can help you obtain the financing you need to buy your first home. I can help you find a home that will meet your needs and one that also has instant equity. This is very important because when a loan officer looks at the property, you will start out from a very strong position before he even looks at your credit.
Call me today and let's find a home that will put you on the road to financial freedom and also to own your part of the American Dream!
Michael Bradford
770-862-8002
2 comments:
When considering buying your first home or anytime considering purchasing a home the first thing is to access your credit. Get a copy of your credit reports and audit them for errors and have them fixed. Your credit score tell alot and if it's low can limit the chance of a loan. Pay down as much as possible avoid late payments and non payments. Have a savings for deposit. Family gifts of money is okay.
I think being honest to lender is best to obtain a loan that meets the clients needs that they can live with.
Sounds like a good time to buy affected properties at a good price."
It will be a better time next year, and a better time the year after next, and so on.
We've only entered inning #3 of the housing debacle.
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