Is now the time to buy?

follow url Whether you are a first-time buyer or you’re looking to move up or downsize, buying a home is still a huge decision that can be rife with uncertainty. But if you’re ready to take the plunge, you should move quickly, before circumstances change and the market takes a turn that is less favorable to buyers.

payday loans article directory Why is NOW a good time to buy a home? Here are two reasons you should be considering taking the plunge into homeownership:

see url golden gate payday loans Interest rates are still very low. Experts predict they won’t stay this way, though. We’ve already seen them start to trend up. If you can get in now before they bounce back any higher, you can keep your monthly payments low and could even hold down the overall cost of your loan over the long haul.

help to buy equity loan selling house payday loans debt collection There is a housing surplus so home prices are also low. With all the foreclosures across the country, plus all the people who would need to move anyway, we’ve got a glut of available housing in most neighborhoods throughout America. This has driven prices down — although, just like with the interest rates, prices could start to rise at any time.

http://hiddenacres.ca/site/?m=payday-loans-chalmette While those are the two biggest factors that should influence your decision, there are other considerations. Owning a home can confer some great tax benefits. The write-off for mortgage insurance means a lot to most households, so consider the available deductions for your mortgage interest and your points.*

If you’ve decided it’s time to move into a bigger or smaller home, those reasons probably won’t change much over time. You’ll still want to make a change in six months, but the market may not be as buyer-centric by then.

Taking the plunge and purchasing a new home can be stressful, confusing and difficult.  For more information contact me.
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