Lake Charles Home Buyers Its Time to Use Low Rates to Your Advantage
Marilyn,
This is great information for home buyers in Lake Charles and it is imperative that they understand the benefits of low rates when purchasing a home. It is a great time to buy and that is why I wanted to re-blog your post. Thanks for always providing valuable content. See you soon!
Mortgage rates continue to hit new lows
Whether you ar a first time home buyer or a buyer considering to move up, if you are on the fence about buying a home in Lake Charles, LA don't wait! Many first time home buyers are taking advantage of the low mortgage rates. The Washington Post just published an article about low mortgage rates and encouraging signs of life in the housing market. RIS Media also published an article this week about the low mortgage rate trend.
Buying a home now and taking advantage of the current low rates, will almost ensure your home's appreciation in the future. Many factors affect your loan application such as credit qualification and loan flexibility that will contribute to the final decision of what type of mortgage loan best fits your needs.
Lower rates reduces a house note and a new trend is being used by some homeowners to actually add money to their monthly payment in order to decrease the principal balance of their loans at a much faster pace. This trend is called equity building and the rapid payment process allows borrowers to:
- Pay off the principal balance faster
- Lock in near-record-low interest rates
- Shorten the length of their home loan
- Own their home faster
- Pay substantially less mortgage interest
If you have been on the fence with the decision to buy a Lake Charles home, it's time to take advantage of the rates and purchase NOW! The first step is becoming pre-qualified. Contact a mortgage local loan officer of your choice for more information.By speaking with a mortgage professional, you will be advised and know what you can afford . Once you have a pre-approved amount you will feel comfortable with, then you will feel secure to begin your Lake Charles home search. When you do begin to search for your new Lake Charles home, give me a call I would love to assist you!
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For more information on Lake Charles Real Estate, visit my website. You can search homes for sale in Lake Charles, Louisiana, and view up to date information on Lake Charles Subdivisions, Neighborhoods
If you are planning a move to or from the Lake Charles, LA area, I can help! I am a full time licensed Realtor in the State of Louisiana and am affiliated with:
Century 21 Mike D. Bono & Co.'s
4410 Nelson Road, Lake Charles, LA, 70605 USA
337-478-1578 or 337-499-9592
CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated.
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Marilyn Boudreaux Copyright 2012
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