Here we are, six and a half years after the "Great Recession," and finally feeling as if the market is beginning to recover. Some fear it is even recovering too quickly, evoking worries of another housing bubble. But experts assure us this upturn is positive growth. And it could be a really great thing for those who stood their ground through the recession, and came out on the other side with credit score in tact and loan-worthy debt to income ratio.
Though it may not seem like much at closing, this helpful info-graphic simply shows how a just a couple percentage points can make a huge difference over the life of a mortgage.
Interest rates are on the rise, as are market values. If this trend continues, not only will you be saving yourself money, but gaining more equity in your property, too!
If you're throwing good money away on rent every month and wondering if you could be qualified to buy, the answer is a phone call away! Getting a pre-approval is a quick and simple process, often accomplished with an online application in a matter of days. With the right lender and realtor, buying a house can be fun and personally gratifying. Contact us today to get started!
