We all hear the lines "Now is the time to buy" "Lock in rates now" "Hurry up, Take Advantage now"

These liners all have the same point in which to bring in a sense of urgency but we do we know the whole picture why its a bad idea to wait?

I am going to break it down very simplified and to the point to show you what your options really are.

Waiting for the rates to drop:

• Sure rates can drop but rates can also rise.  Its best to lock in your rate now to secure your payment.
  

• History shows that when the economy improves, rates rise. Economy worsens, rates decrease. We seen the economy in bad shape and now are noticing improvements, you do the math.

• While the housing market is hot, your dream home may get snatched up while you wait for the rates to drop.  We are in a market where the housing prices are really good and should be taken advantage of

Waiting for house values to drop:

• While you wait for the house values to drop even more than they already are, your current interest rate is slowly rising.  The recent increases in rates have went to the low 5s to high 6's just in a couple months.

• Locking in a good rate now is cheaper than waiting for a house to drop $50,000 now.

• Just like with waiting for the rates, we are in a surge of a recovery market and your dream house may be gone tomorrow.

Waiting when theres a Dead Line out there

• Last but not least there are the Down Payment Assistance Deadlines and FHA/HUD Guideline deadlines that will be going away in a certain time frame.  Take advantage of the now than later because the later may not be around much longer!
  

______________________________________________________

Just-In-Time Loans - Mortgage Needs and Advice on Time. (757-692-3464)