INTEREST RATES HOOVERING BETWEEN 3.75% & 4%

Published On: February 6, 2012


The rates are so good, that it is literally less expensive to own a home instead of rent.  There is still at least one program with NO money down for a non-veteran, and Navy Federal has brought back it's Veteran's Choice Loan if a Veteran has alreadys used the VA benefits. 

Foreclosures can be a great buy, or many investors are buying them and completely remodeling, so the buyer just has to bring in their suitcases.

Sellers:  Additional foreclosures are due to hit the market again, so sellers need to be verfy competitive with price and or condition.  Be sure to stage the home and get all repairs done before marketing

Buyers:  You need to compare cost of repairs for any foreclosure (whether you get a fix-up loan or not) as they it may not be the "good deal" it appears.  For example, if it is $20,000 below market, but need $25,000 or $30,000 in repairs, it is not a good deal.