Most of us prefer to celebrate this time of year with friends and family in our own home. No matter how simple or elaborate your plans are, being in comfortable surroundings makes this season special. We can help you gain year-round satisfaction by providing financing for a home that suits your current needs. Today's low rates and great house prices are beneficial to anyone considering a move.
Persons who are happy with their residence may find they can cut their housing costs by refinancing their mortgage. We'll review your options, and show you what your payments would be with a new loan. You can count on our professional expertise to guide you. We'll listen to your concerns, and review how today's unique conditions work to your advantage.
Renters who talk with their friends, family, and co-workers who are homeowners rarely find anyone saying they wish they'd waited to purchase. Buying a house more typically is a momentous event, which starts a new chapter in a family's life. However, weakening real estate values have caused some young renters to ignore the advice of homeowners they know. But right now renters should be glad they have the chance to purchase at bargain prices.
Someone buying today with a fixed-rate loan will have stable housing costs as long as they live there. They'll enjoy the freedom and security which comes from ownership, as well. Renters almost certainly will pay more to keep a roof over their head as the years go by. Government estimates show that rental costs currently are going up almost five percent annually. Higher lease rates mean that renters over time could spend more than homeowners do. Additionally, many owners pay off their loan and reach retirement without having any monthly payments.
Owners who are preparing to sell their residence often must decide whether parts of their house should be upgraded before putting it on the market. While there are no hard-and-fast rules, here are some points to consider before selling:
Today's buyers can be selective, since many properties are on the market in some areas. Consumers expect houses to be in good condition, and ready for them to move in. Knowing this makes it easier for you to make your home into one that stands out from all the rest.
Housing markets appear to be firming around the country, according to recent reports. Annual rates of change for home prices are improving in most areas of the country, states the S&P/Case-Shiller Home Price Indices.
"Housing prices have stabilized," notes Beacon Economics. Recession risks also are fading, Beacon adds. We can expect faster economic growth as we move into 2012, forecasts Beacon. Hiring will pick up as growth improves next year. Economic growth should move from a 1.6 percent increase this year to 2.3 in 2012, predicts the National Association of Realtors (NAR). Joblessness will fall below nine percent as a result.
Better economic conditions will encourage both home sales and property prices to increase over the next twelve months, adds NAR. However, NAR forecasts that rates on long-term home loans will edge up due to greater demand in coming months. Now is the time to gain the optimal advantage from low rates and fantastic home prices. Let us know your questions about purchasing or refinancing. We'll provide you with answers and guidance that you can trust.
Reduced real estate values and higher rental income have American s thinking about purchasing investment properties. Yet buyers should be aware of some common mistakes, The Wall Street Journal states.
"Confusing a cheap deal for a good deal" is the first error pointed out by the Journal. Research rents in specific neighborhoods to determine if your expected income will cover costs. The biggest bargains may be on houses in less-desirable neighborhoods or which need extensive repairs. You also may have to upgrade your wiring to attract young, tech-savvy renters. Purchasing these income units could require more time and money than you want to put into them.
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