Hello and thank you for tuning in to Edward Real Estate TV. I need to say how excited I am for 2015 and it’s housing market, because it has started off with a bang. A lot of good information has come out this year so far that is going to benefit buyers as well as current home owners that we will be covering over the next several weeks and months.
Today we are going to start with mortgage rates and the impact it will have for home buyers and current home owners as we are still experiencing low inventories in many of the highly sought out areas of L.A.
1st of all we haven’t seen rates this low for the last 18-24 month and possibly as far back as 2008, and some of the benefits of low interest rates starting with being a buyer; you can possibly qualify for a higher loan which in return allows you to have more purchasing power, and what does this mean as a buyer you can start seeing homes that might have been out of your price range before, you can possibly bid a little more for those homes you might like when there is a buyer frenzy and hopefully not get beaten out, so these are just some of the positive benefits out there for would be home buyers, and as a current home owner I would recommend or suggest to look at shorter loan terms of 15 & 20 years so you can pay off your home sooner so again these are just some of the benefits awaiting potential home owners and current home owners.
And the faster your loan can close, the lower your mortgage rate for you to take advantage of this opportunity before it’s too late If you have any questions please don’t hesitate to contact our office and we can refer you to lender that we work with to get you started.
Thank you for tuning in to Edward Real Estate T.V and see you at future postings.