As we know sellers are needing to sell more than ever right now and are coming down on their asking prices everyday. This is making it a perfect time to find a great deal and stop throwing away money renting an apartment and start putting money into the stable long term investment of a home.
Right now is also the time to buy because interest rates are low low low
Horry County State Bank is now offering some great rates on loan amounts up to $417,000
Conventional-Loan
30 Year Fixed 5.125%
15 Year Fixed 4.625
FHA/VA Fixed 5.250%
Rural Housing 5.250%
Not only will you stop throwing away money by paying someone else’s mortgage but you will also get some money from the government. The American Recovery and Reinvestment Act of 2009, is offering first time homebuyers a credit amount up to $8,000 if the home is purchased before December, 1st 2009. This credit is available on single-family detached homes, townhomes and condominiums. The credit applies to new construction as well as pre existing homes.
Now is the time to buy for so many reasons. Not only will you start putting your hard earned money into a long term investment, but you can get a great interest rate saving you lots of money over time. If that doesn’t excite you, just think about that tax credit, and the mortgage payments $8,000 can pay, or that nice new flat screen for your new cozy living room, or that nice new bedroom set to make your house a home.
<
::
::
::
::
::
::
::
::
::
::
::
< 
Comments(1)