Just like we need a fact checker for the presidential debates between McCain and Obama, we also need a fact checker for our media in regards to the real estate industry news they give out.
Is it wise to base important financial decisions on what you hear in the news? Not if you want to make informed and profitable decisions. You need to talk to an expert in the field who knows the reality of the situation and how to benefit.
Case in point:
The nightly news says: You need 20 % down payment and a 730 credit score to get a loan. And that there is not really very much money to borrow anyways.
The Facts say:
There are actually many loan programs available. Some are available for less than 20% down, 10% down, and even still a few zero down programs. You just have to talk with a trusted lending professional to figure out what works and makes sense for you and your situation.
It is undeniably a great time to buy a home and if you are a responsible citizen with a good job, you can still get a great loan.
You could wait for the market to drop lower, and it might, but there are no guarantees that you will also get as low of a mortgage rate as you can today. This is a golden opportunity. Don’t let fear and skewed information stop you from what is best for you and your family.
Feel free to call if you would like more information about mortgages or the reality of your local real estate market.
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