Remember all the talk over the recent months about NOW being THE time to purchase a new home? Realtors and Mortgage bankers have been preaching it. Every financial planner has been agreeing. I’ve written numerous blog posts about it too. Many people listened and bought a new home. Many people did not. They are still renting.
Well, it still is a great time to buy a home….BUT…. you really should have bought when you were asked to several weeks ago! No one wants to hear “we told you so” so I won’t say it.
If you haven’t heard, interest rates have inched upward in recent weeks. Here’s the story: http://www.latimes.com/business/la-fi-mortgage-rates-20101210,0,1978719.story
But rates are still incredibly low, and there are many incentives to buy a new home right now. The fact that a first time buyer can buy a home with little to no cash out of pocket, and have a 4.55% fixed interest rate is still incredible! If you would like to know more about buying a home, call me…or your favorite Realtor.
A good credit score is a necessity for obtaining a mortgage loan, car loan, or most any loan for that matter. Here is an interesting article about credit scoring, or as it says, credit ranking: And we thought we had it all figured out!
Something else to think about… You will stay WARM in the winter and COOL in the summer, all while saving energy, in a brand new Ole South home. Think about it, why shouldn’t you own a new home?
OK, lets say it again: “If you have any desire at all to own a home, act now.” You will be glad you did!
Trey Lewis is a licensed Real Estate Broker in the State of Tennessee with Ole South Realty, 615.896.0019 direct 615.593.6340. Specializing in new home sales in the Greater Nashville area to include Nashville, Murfreesboro, Smyrna, and Spring Hill, Tennessee