Qualify for a VA Home Loan
Mortgage rates recently were near their all-time lows, says Freddie Mac, a national mortgage investment firm. Both home purchasers and refinancing owners gain from these historically-favorable conditions.Today's rates allow owners to lock in affordable payments while they enjoy living in their house. Future interest rate movements pose no concerns for consumers with fixed-rate mortgages.
Refinancing also is becoming easier for many homeowners, due to changes in government-mandated lending guidelines. Some owners who couldn't obtain a new loan in the past may be able to do so now. Today federal officials are concerned that too many owners have been prevented from refinancing. Saving money on monthly housing payments would allow owners to spend more on other items, and give the economy a boost. It's possible we could see additional government initiatives this year designed to help the housing market. We'll monitor any developments, and show you how they can be used to your advantage.
Experts don't foresee interest rates falling much, if any, from today's historic levels, reports The Wall Street Journal. Taking action now could allow you to save every month for decades. Contact us if you'd like to review your options for buying or refinancing soon. We'll help you make the most of today's low-rate environment!
An improving job picture is encouraging more young adults to buy their first home now. Many renters are delighted to discover they'll actually pay less each month once they own their home. Housing markets will strengthen this year as rising rents cause more Americans to look into purchasing. "After 14 months of job gains, I expect the economy to continue its slow but determined recovery," predicts one real estate economist.
Increased home sales and higher real estate values also are forecast for 2012 by the National Association of Realtors (NAR). Low mortgage rates and great home prices have pushed housing affordability to record levels, NAR explains. Households purchasing today typically are spending a smaller percentage of their income on home payments. Of course, we don't know how long these advantageous conditions will be available for buyers.
Yet more Americans are responding to these positive opportunities. Real estate sales will increase by five percent this year, predicts NAR. Researchers explain that consumers' willingness to buy a house has been steadily climbing. A study from the Research Institute for Housing America recently discovered that almost 80 percent of adults believe now is a good time to purchase a home.
Positive sentiment about buying real estate has returned to its long-term average, the analysis reports. Most Americans now believe house prices will increase over the coming year, adds Fannie Mae's National Housing Survey. Even a modest boost in property values will offer positive effects for many Americans. More owners then can refinance at lower rates, and families will find it easier to sell their residence and move.
Real estate is a crucial factor in our financial lives. Today homeowners have a total of $6 trillion in equity. Gaining the highest benefit from owning your house is a worthwhile goal. You can rely on us to provide financing that makes sense given your unique circumstances. Let us show you how homeownership can help you build a brighter tomorrow.
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Buying a house today is more difficult than it was a few years ago. Yet the potential rewards for purchasing now could be greater than what many consumers expect. We can't finalize a real estate transaction as quickly or easily as we could in the past. Lenders, real estate appraisers, and government regulators all are looking more carefully at buyers and sellers. But the main concern for borrowers is to realize their housing aspirations. You can rely on us to assist you throughout today's complicated real estate process.
We'll start by asking about your plans and reviewing your current financial situation. Next, we'll answer your questions about home financing. And then we'll look at how different loans would work with your budget, so you'll be ready to make an informed borrowing decision. Coming up with a great long-term solution helps insure that you'll remain happy in your new home.
Many forecasters now believe that America's economy will grow at a faster pace this year than in 2011. Stabilizing real estate values will set the stage for an expansion which could be stronger than some commentators foresee. Healthier housing markets will drive economic growth in 2012, adds a prediction reported by Bloomberg News. One big development is that unemployment reports released in January show that joblessness has fallen to its lowest level in almost three years.
Unemployment has dropped steadily since last August, according to government reports. Additionally, consumer confidence recently rose to a five-month high, and manufacturers reported demand growing at its highest pace in six months. Slower growth in other parts of the world should help keep commodity prices stable this year, economists note. Yet ongoing hiring in the U.S. will encourage consumers spending, and keep America's growth on track.
Certainly we have concerns about the future. But our ability to adapt will help us find new routes to prosperity. Continuing technological advances, the development of new energy sources, and demand from a growing middle class in many emerging countries should offer us opportunities. It's natural to find the path a bit bumpy as we transition to a new era. But it's more likely that we'll discover positive new ways to pursue our goals, rather than descending into a permanent economic funk. Most of us live in better homes and have easier lives than past generations of our families did. Even though we may go through challenging times, overall we continue to move forward.
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