Are you thinking about buying a home? Are you wishing you would have started looking earlier this year? Tax credit blues?
Hey, home buying is not about the short term, instant gratification of the first time tax credit. Think long term…the incredible interest rates. Low interest rates are the once in a lifetime deal. Low interest rates put money in your pocket every month. This is everyday savings and money for you, not just a one-time hit.
Don’t forget paired with the low interest rates the FHA loan makes your new home even more marketable in the future should you chose to sell. Interest rates are predicted to increase. An FHA loan is fully assumable for your buyer. What a deal and what a valuable marketing tool. If future interest rates are a 7% your future buyer could assume your loan at the today’s going rate…let’s say around 5%. This is a knock your socks off deal for the buyer and a great marketing advantage for you.
If you’re on the fence, jump off. As a buyer your dollar get’s you more home, better deals and the strongest negotiating leverage you may ever see. Don’t hesitate, take advantage of this market and see the long term results.
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