Is The News Freaking You Out? A Couple of Things Our Callers Are Asking…

August 10, 2007

Hey guys & gals,

We’re watching the industry on many many levels, especially mortgages.  The reality is, we do not deal in loans that are not buyer friendly, period. 

It has always been a Single Pointe policy that our buyers know what options are available and we’re not afraid to say, “don’t take that loan.”  You’ll know upfront what the loan really is and once you have all of the facts, it’s your decision; we never let lenders or sellers pressure our buyers. 

Our first home buyers get great rates and generally we can get them down to even better rates using FHA, VA and various other first home buyer programs. You’ve still got many many of the best options.

Step-up buyer & seller?  We’re helping our clients get pre-qualified for fantastic rates on their next home and have created buy/sell strategies to help move them up OR down to the home they can best afford. 

We know that subprime mortgage talk is all around the water cooler, but the reality is that the vast majority of you are not a subprime credit risk, even if you may feel your credit has been damaged in the past. 

A question was asked today, is it harder or going to be harder to get credit?  If you’ve never paid a bill in your life, probably!  But if you’re like most folks who work hard, pay the bills the best you can, and do a reasonably good job, you’re more than likely going to be just fine.  But always know that we’re here to help you navigate the process, and we’re not afraid to shop lenders to get the right loan and rate.

Worried about rates? Well, rates on normal loans (fha, conventional etc.) are down right now.  Obviously, higher risk loans will have higher rates, but we’ve not seen anything unreasonable just yet.

Another question was, is it a good time to buy? It is definitely a great time to get out and buy- low rates, great prices, lots of options, and a friendly staff here to help you through the muck… what more could you ask for? 

We’re ready to help! 

Here’s a tip: contracting by the end of August on a new home will land you some of the best deals of the year; it’s close-out season!  Get in on the action while inventory is hot!

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Have a Real Estate question you’d like to ask? Give us a call; we’ll post them as we get them here for others who need to know.  If you’re shy and in need of asking a question, drop us an email or just comment on this post and we’ll answer in our next call session!

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Hen Pecked by Benn, Single Pointe CEO | Filed Under Austin News, Austin Real Estate Blog, Buying, Selling 

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