Posts Tagged ‘Seller Tips’
ITS A GREAT TIME TO GET A MORTGAGE, BUT THE RULES OF THE GAME HAVE CHANGED
For those who qualify, it’s one of the best time to get a mortgage. Last week rates for a 30 year – fixed
rate loan fell to 4.57percent, the lowest average since 1971. And, if you missed out on US home-buying
tax credit, the rates may more than make up for that lost $ 8,000.
“A tax credit is immediate gratification,” said Leonard Baron, professor of finance at San Diago State University,
“but long-term, with rates this low, you can get much more value.”
The game has changed. Your credit must be at least 620, or you’ll have a harder time finding a loan.
The more you can put down becomes a big variable.
