Mortgage Rates at Record Low
Never have 30-year fixed mortgage rates been so low since the government started keeping records of the rates in 1971: 4.63%! So I had to post this information in case you have not heard….
This is a window of opportunity which length is impossible to predict. If you are adamant about staying in your current home and love it, you owe it to yourself to inquire today about refinancing your existing mortgage and whether or not it would be cost effective in your situation.
If you have ever thought about upgrading to a larger home, the best time to do so is in a Buyer’s Market: lots of inventory to choose from, builders in distress, occasional foreclosures and did I already mention 4.63%? Some of you are worried about not making as much selling your existing home. Whatever savings you achieve on your dream home will more than compensate for the “loss” on the smaller house: you will certainly come out better than if you decide to wait for a Seller’s Market to upgrade to a larger home, and pay top dollars for it. Ask me about a list of Best Buys in your price range, in the area you wish to target.
Are you leasing right now and have not owned a home in the last 3 years? You can also get an $8,000 tax credit and use those funds as a down payment on a home (ask me about the details). This is the best market for First Time Homebuyers: Tons of choices, good deals and did I say 4.63%?
In addition, if you ever dreamed of generating passive income from rental properties, I believe there are more opportunities now to create positive cash flow with the low rates.
Smart buyers are looking NOW. I am truly enjoying helping people position themselves to win in the long run. 4.63%…. I would love to help you also, or anyone you know.