5 Common First-Time Home Buyer Mistakes
1. They don't ask enough questions of their lender and end up missing out on the best deal.
2. They don't act quickly enough to make a decision andsomeone else buys thehouse.
3. They don't find the right agent who'swilling to help them through the home buying process.
4. They don't do enough to make their offer look appealing to a seller.
5. They don't think about resale before they buy. The average first- time buyer only stay in a home for four years.
Saturday, June 6, 2009
FHA Loans:
Are you in the market for a new home? This maybe the time to purchase that home. A new Federal Housing Administration program will let first- time home buyers use their $8,000 tax credit for down payments or closing cost.
Read more about it at:
What's Going On With Mortgage Rates?
After speaking with my mortgage guru Dale Biaggi of Land/Home Financial Services INC. http://www.lhfinancial.com/ can reach him at dale@landhomeca.com
May 27, was the worse day for mortgage rates in a very long time. Fannie Mae pricing increased six times in oneday alone. Fannie Mae 30 year fixed rate jumped from 4.75% to 5.50%. Right now rates are in the range of 5.250% to 5.75%.
Don't get scared it is still a great time to purchase a home. Here are a few reasons why!
* First time homebuyers tax creditof $8,000
* Lowering Housing Prices
* There is a larger numbers of FHA lenders
* There is a lots of REO and Short Sale properties
* Rates are still at low
Take advantage of low rates. As always if you need help with your new home purchase contact S.A.C. Properties at info@s-a-c-properties.com
May 27, was the worse day for mortgage rates in a very long time. Fannie Mae pricing increased six times in oneday alone. Fannie Mae 30 year fixed rate jumped from 4.75% to 5.50%. Right now rates are in the range of 5.250% to 5.75%.
Don't get scared it is still a great time to purchase a home. Here are a few reasons why!
* First time homebuyers tax creditof $8,000
* Lowering Housing Prices
* There is a larger numbers of FHA lenders
* There is a lots of REO and Short Sale properties
* Rates are still at low
Take advantage of low rates. As always if you need help with your new home purchase contact S.A.C. Properties at info@s-a-c-properties.com
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