It is hard to imagine but Home Mortgage Interest rates are at record lows! There is great opportunity for those ready to purchase a home. But isn't it difficult to get a loan? The answer is the infamous "it depends".
Mortgage companies have lost a lot of money over the past years by making too many high risk loans. Yes, these loans were dictated to the banks from the Government. Mortgage companies base loans and interest rates on credit risk. A person's credit history tells the story of how sure the bank can be that the borrower will actually pay back the money. Everyone has that family member or friend that they know they can not lend money because you know it will never be returned. Banks do the same thing via credit scores, debt rations and payment history. We can delve more deeply into improving credit another time. It is always a good time to rebuild your damaged credit but this blog is reinforcing the person that has already maintained god credit and looking for a good deal.
Charlotte NC Homes For Sale are currently aggressively priced and you can frequently get your dream home for a lot less than you imagined. No, Charlotte Real Estate did not experience the super inflated price increases of Vegas, Ney York, DC, Philadelphia, California, Florida or Seattle so you will not see comparable price reductions on par with those markets. But will those markets continue their plunge/market correction? Is there still an influx of people trying to relocate to there? Consider these factors before making your move.
If you are currently renting in Charlotte or relocating from an apartment elsewhere, then this is the ideal opportunity for you to own your own home. There is something for everyone within Charlotte Real Estate. If you are single and want a tax write off but not ready for a single family home we have Charlotte Condos and Charlotte Townhomes to meet your needs. How about a single parent looking for a home without yard maintenance but a suitable neighborhood for your child? We have a wide variety of schools in the greater Charlotte NC Real Estate Market and we can find one that suits your needs. A townhome may be just what you were seeking. How about a family relocating with school age children? You do not have the luxury of renting to temporary housing because your children need to be in a neighborhood to make new friends. You also do not want to change schools an additional time nor can you afford to place your child into a school that does not meet the needs of your child.
Give me a call or send me a note and we will get started. My job is to look out for you and be certain that we leave no stones unturned. Let's find a terrific home for you today!