Why Experts Are Advising You Buy Your Home Now!

Written by News Channel 2 on November 8, 2013. Posted in Chesapeake va real estate, Real estate foreclosure, Suffolk homes for sale

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Right now is, without a doubt, the best time to buy a home. Home loans are easier to acquire than ever before, and mortgage lenders are loaning money at historically low interest rates. This is a wonderful moment in time that should not be passed up on! Homes for sale are just waiting for you to make your move.

Remember the collapse of the housing industry just a few years back? Mortgage lenders had to construct absurdly high rates of interest when it came to homes for sale due to the shortcomings of the economy. Nobody was buying any of the homes for sale. Real estate listings sat idle.

This trend compounded upon itself. Nobody could afford a home, therefore mortgage lenders had to raise interest rates, resulting in even less people being able to afford a home. It was a vicious cycle.

Thankfully, the Federal Reserve helped to break this cycle, and lift the curse from the housing industry…hopefully for many years to come. Homes for sale all over the country have been finding occupants. People have been learning that their dream beach homes for sale are no longer unattainable.

This is largely due to the great deals that you can get today on the homes for sale. With low down payments, minimal interest, and low monthly payments, almost anyone can afford their dream house. Why not look into it and see if you can swing a deal from one of the many mortgage lenders in your location of interest.

Bad credit can be a tricky beast to tame. In the past, mortgage lenders were not willing to work with bad credit scores. Today, it is an entirely different game. The bar has been lowered regarding what kind of credit is accepted by mortgage lenders. I say, give a home loan a shot. What do you really have to lose?
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