Qualify for a VA Home Loan
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House prices are going up in some areas of the country, due to stronger buyer demand and a shrinking supply of homes for sale. Yet considering average prices when you’re ready to purchase can be misleading. Average prices may appear to be going down in one area, but that could be due to an influx of first-time buyers there. Since they typically purchase lower-priced homes, it makes the cost of an "average" house drop. Buying a house also isn’t the same as purchasing identical shares of stock in a company. Homes have different features, are in various conditions, and are located in diverse neighborhoods. So there is no “average house.” Your goal is to purchase an affordable residence which will provide you with comfort, convenience, and security for years.
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Today’s excellent mortgage rates and attractive home prices make buying a home more affordable now than it’s been in years. Start the process by contacting us, and we’ll schedule a time to review your credit report. At that point we can identify ways to improve your score, which will allow you to obtain financing on better terms. Taking this step before you start looking at homes accomplishes several tasks.
First, you’ll have the opportunity to correct any errors on your credit report. You’ll also be able to direct your bill-paying efforts in ways which will boost your credit score. We’ll be able to estimate how much you can afford to pay for a house after finishing these tasks. You can start home shopping then, knowing that financing won’t be an issue. Understanding your housing budget makes shopping easier. Once you’re aware of your target price, you can search for a residence with features that you love.
Your efforts can be devoted to locating a neighborhood and home which will suit your living needs for years. Concerns about gaining a mortgage with affordable payments won’t need to enter your thoughts. Let us know when you’re thinking about taking advantage of today’s home purchase opportunities. We’ll help get your purchase adventure off to a strong start, and then assist you throughout the buying process!
Real estate values are showing more vitality, according to the Standard & Poor’s/Case-Shiller Home Price Indices. “As measured by prices, the housing market is definitely in better shape than it was this time last year,” says a Standard & Poor’s official. A survey of recent homebuyers also reveals they’re optimistic about the prospects for America’s economy in the years to come. Most of them agreed that real estate values would be higher a decade from now. Many forecasters expect continued slow expansion in the economy, and a stabilization of home prices. They note that the vast majority of American adults have jobs, and many have improved their personal finances by saving money or paying off debt in recent years.
"Although it may take some time before another major real estate pricing cycle develops, the risk of further real estate price erosion seems near an end," writes James Paulsen, chief investment strategist at Wells Capital Management. Job growth is a key factor for reviving real estate markets in the future. However, mortgage rates will tend to rise as the economy gains strength. You can come out ahead by taking advantage of today’s low rates and good supply of sale homes. Talk with us soon to discover more about today’s house buying opportunities!
Homes account for 22 percent of the nation’s energy use, according to a government study. It’s no surprise that most homeowners appreciate finding ways to cut those costs. Older houses require more energy per square foot than younger properties do, studies show. However, average square footage on newer homes is higher. Federal tax credits are available for owners who boost their home’s energy efficiency in 2010. Adding insulation, putting in new doors and windows, or upgrading your heating and air conditioning systems or water heater can give you a tax credit of up to $1,500. Determining where your energy costs are highest can help you select the improvement projects which will provide you with the biggest savings.
Homes in the Northeast devote the largest portion of their energy spending to keeping warm, notes a federal energy consumption survey. Adding a programmable thermostat, servicing their furnace, and sealing leaks in their home and heat ducts would be smart steps to take. Western and Southern homes typically shell out most of their energy dollars on keeping appliances running and the lights on. Replacing those everyday tools with energy-efficient models will produce savings that add up over time.
