Tag: 4 reasons buying a home in 2015 will be easier
Real Estate Saturday: January 3, 2015
by admin on Jan.03, 2015, under Real Estate, Shop@RoseCottage
++ Flip or Hold: Best Real Estate Moves for 2015
Hint: Location, location, location
++ Too much home – too many customized renovations
++ What you can get for $5.7 million in Dallas
++ Options for those seeking home loans in 2015
This author has some of the same concerns I expressed in December. And why the article linked below may not hold the good news it appears to…
++ 4 reasons buying a home in 2015 will be easier
++ Winter Savings at Duncraft!
++ Top 10 Hot Housing Markets to Watch in 2015
You can see by these articles that there is a lot of conflicting info out there which is not always helpful for potential home buyers. I am still concerned that “easier” lending standards will foster a return to unwise lending and buyers in trouble yet again. These artificially low interest rates are also great bait for those who were not in the real estate market – or maybe not even alive, in the 1980’s and early 1990’s when financing rates were in the teens…
My advice?
One – Stay away from ARMS (Adjustable Rate Mortgages.)
Two – Don’t fall for the lower payment and interest rate available on a 15-year loan. Get the 30-year instead and make additional principal payments if and when you can. This will give you some cushion against a somewhat unstable job market and you’ll be amazed at how fast you can turn a 30-year mortgage into a 20-year loan by controlling your own mortgage payments…
