Why Now Is a Great Time to Buy a Home!
Last updated 2 days 16 hours ago
Spring is around the corner and you know what that means—spring cleaning! What if though, this year you moved into a new home instead of doing that dreaded yearly cleaning? This is a great time to buy a house, so let's take a look at why you should buy a home now.
Low Interest Rates
Interest rates on home loans are fairly low right now. Depending on circumstances, rates are less than 5%. Having a lower interest rate will keep your monthly mortgage payment lower, make sure more of your payment goes towards your principle, and help you keep your budget under control. Don't wait until interest rates skyrocket again to try to buy a house!
Low Home Prices
Home prices are still low, so you can keep your mortgage loan amount low. Due to a sluggish market, the influx of foreclosed homes, and the number of people who are willing to let their house sell for a fraction of the cost, now is the time to get the most home for your money. You never know when the market will shift again, so if you have been considering buying a house, do it now while the prices are low.
Whether you are looking for your first home or to upgrade from the house you have now, low prices and low interest rates make this a prime time to buy a new home. This combination means you can borrow less money, have a smaller home loan, and get the house you've always wanted. Imagine having your dream house at a pauper's price!
When you're ready to start your search for your new home, call American Home Funding first. We are your source for home loans in Denver, and can even put in touch with great realtors in the area. Contact us today to see what kind of mortgage loan we can get you!
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Saturday, March 5, 2011
Why Now Is a Great Time to Buy a Home! - American Home Funding
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