LOW CHFA RATES PROVIDES OPPORTUNITIES
With CHFA rates being where they are at 3.875%, now is the time to get first time homebuyers into properties. Prices are still low and if they buy in a targeted area, they get an additional 1/4 of a point lower rate.
So let's see if we can convert renters into becoming 1st time buyers! Most people stay in their first home for at least 5 years, so by that time prices will be back up and with interest rates that low, more money goes towards principal each month. They should accumulate enough equity in 5 years to move forward!
There are so many opportunities out there now. Of course, the short sales are not for the CHFA buyers, but there are still good deals to be had. Let's spread the news. There is still time left to get good deals in to end the year with great sales!!!
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