Is it really a good time to buy?!

I can only come up with one answer to this question: YES!

Interest rates are seeing record lows. This is true for not only a conventional 30 year mortgage, which is currently around 4.5%, but the rates for many other loans are at an all time low: 15 year conventional (4%), FHA 30 Year (4.5%), 5 year ARM (3.5%), 7 year ARM (3.75%).

Combine the low interest rates with the abundance of homes currently for sale and lower asking prices and you have a recipe for a fabulous time to buy!

First time home owners typically stay in their homes between 5 and 7 years. If that is your plan, then you may want to inquire about an ARM.

In speaking with many mortgage lenders recently, the FHA program is one of the best out there. FHA may take a lesser credit score than a conventional loan program.

If you are not a first time home buyer, it is still a great time to move up, invest, retire, gain your dream retirement home, etc.

Give me a call or email if you would like a lender referral for pre-approval or to refinance your existing mortgage!