Archive for the ‘buying an fsbo’ Category

Housing Outlook for 2009

Thinking of buying a home in 2009? This could be the best time to buy for quite some time to come. The National Association of Realtors recently pointed out that homeownership is now more affordable than it’s been since the seventies. The buyer’s market is due to falling home prices, lower interest rates and the first-time home buyer tax credit of $8,000 available to anyone who hasn’t owned a home in the past three years. Deals are to be had as builders and owners face the realities of months of pent-up inventory and thousands of foreclosure sales. Several real estate companies are even offering buyer rebates to home buyers. If you’re considering buying a home in 2009, you couldn’t have picked a better time!

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Buying FSBO

Choosing a lender

Buying FSBO - mortgage brokerWhile getting a loan online is easier with each passing month, traditional local bank loans are still very popular with home buyers. One way to find a lender that is becoming increasing popular is using a mortgage broker.

We used a mortgage broker, a friend, to find our home loan and I honestly felt like he was shopping around and finding the best rate and loan for our individual situation. 

Whatever you decide to do, know that the Fed will likely raise rates on June 28, maybe up to a half point, so if you are about to buy, do it now to avoid that rate.

See Also

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