It’s a Great Time to Buy

Sep 27th, 2011 | By | Category: The Mortgage Connection

By Mike Morgan of Peoples Mortgage Company

Homeowners Market in Sahuarita & Green Valley | The Sahuarita ConnectionMortgage interest rates have hit an all time lows since 1971 when they started keeping records. This is great news if you are a ready and able buyer. It’s a buyer’s market out there right now. Not only are rates at all time lows but housing prices are the lowest they’ve been in years.

Are You Ready? – Do you have the money to make a down payment? Did you know that there are certain loan programs that require no money down* or as little as 3.5% down? There are also organizations that offer assistance with down payment*.

Are You Able? – Do you have the income needed to buy a home? Is your credit in good shape?
Not only is it a great time to buy but it may also be a great time to refinance your existing home mortgage. You may want to just take advantage of the lower rates to lower your payment. Or you may want to pull some cash out to do some remodeling. Either way, with rates at all time lows now is a great time to refinance.

Remember, no one knows how long these super low rates will stick around so if you’re wondering if buying or refinancing is right for you don’t hesitate to call. You may miss out.
Every situation is different so please call me at 520.954.7686 with any questions you may have. I would be happy to discuss your unique scenario or questions with you. Also, feel free to email me at: morgan@peoplesmortgage.com

* Qualifying required

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