Do you invest in the stock market?
When do you buy - when prices are
low or high? Looking for a new TV? If
the model you want is on sale at $100
off, would you wait until the sale was
over to buy? If you wanted to serve
steak to your family and noticed it was
on sale for $1.99 a pound, would you
respond with a trip to the store?
Thought about buying a home? Don’t
wait! Interest rates recently dropped
again to a new 40-year low according
to Business Week magazine. This
presents an awesome opportunity.
So, where do you begin? Choose an
agent, and then set an appointment
with a mortgage lender. No longer is it
necessary to begin a home search
without knowing whether you quality
for a mortgage. No longer must you
guess at the price range for which you
qualify.
Provide the loan officer with details
about your income sources and any
debts you may have. Be prepared to
provide names, addresses, and account
numbers. Discuss openly any factors
that may have an adverse impact on
the lender’s decision.
Once you’ve obtained a firm loan
commitment, begin your home search
with confidence. Sellers will respond
more favorably to your purchase offer
due to your strength as a buyer, and
your low interest rate will put you in
more home for the money.
