Never in our History has there been such a great time to buy a home. Buyers of Real Estate can get so much more for their money. More square footage, better quality, more amenities, lower interest rates and of course lower mortgage payments. Buying a home now seems to be the best time ever to buy your dream home in the Hendricks County Indiana area.
The experts are saying by the end of the year that interest rates will increase to perhaps as high as 5%. One percent means an increase of 10% in your mortgage payment. In 1981 home owners in the Brownsburg, Indiana area were spending 36% of their income on house payments but in 2009 they were paying out only 15% of their income towards mortgage payments.
If you have a job and you have a credit score of at least 620 its fairly easy to buy a home. Getting prequalified is a simple process and a good lender with your co-operation can get you prequalified in a matter of minutes.
Its a buyers market in the Indianapolis, Indiana area and the surrounding communities. If you would like to buy a home in Brownsburg, Indiana Give me a call or email me. There truely has never been a better time to buy a home. You get more house for your money and lower payments.
If you would like information on how to buy a home or if you would like to get prequalified