Comments on: First the good news, then the bad news. http://www.loanbiz.com/blog/2008/12/11/first-the-good-news-then-the-bad-news/ Loan Business News, Information, and Consumer Education Thu, 17 May 2012 17:03:25 +0000 http://wordpress.org/?v=2.3.2 By: S Landrum http://www.loanbiz.com/blog/2008/12/11/first-the-good-news-then-the-bad-news/#comment-3925 S Landrum Fri, 12 Dec 2008 23:10:47 +0000 http://www.loanbiz.com/blog/2008/12/11/first-the-good-news-then-the-bad-news/#comment-3925 If you have the resources to buy a home now--go for it! We are seeing great interest rates for new home buyers and with the decline in property values we are seeing home prices at bargain deals. Housing, like most else, is cyclical--prices for homes and interest rates will rise. The current market is a great time to put yourself in good shape for some long term investments if you have the resources to do so. However, learn from the last couple of years. Don't get in over your head, don't take out a risky loan, and make sure you are smart before buying a home or making a mortgage commitment. If you want to know where you stand, talk to a reputable loan officer and get pre-qualified for a home loan. There is no cost to do so and you will get the information you need to make an informed decision and/or find out what you need to work on in order to take advantage of current market conditions. If you have the resources to buy a home now–go for it! We are seeing great interest rates for new home buyers and with the decline in property values we are seeing home prices at bargain deals. Housing, like most else, is cyclical–prices for homes and interest rates will rise. The current market is a great time to put yourself in good shape for some long term investments if you have the resources to do so.

However, learn from the last couple of years. Don’t get in over your head, don’t take out a risky loan, and make sure you are smart before buying a home or making a mortgage commitment.

If you want to know where you stand, talk to a reputable loan officer and get pre-qualified for a home loan. There is no cost to do so and you will get the information you need to make an informed decision and/or find out what you need to work on in order to take advantage of current market conditions.

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