| 1.
Trying to Time the market doesn't work. It's possible
that the home you purchase today may not be worth
as much next year as it is today. Work toward getting
the best deal you can on the home you love.
2. Shop for the best interest rate. Financing
is more expensive than a couple of years ago.
Some people are predicting 7 percent home mortgages
by mid 2009.
3. Jumbo loans are good bargain. Beginning this
month Fannie Mae and Freddie Mac are allowed
to buy morgages ranging up to $729,750 in certain
areas, which will help keep interest on Jumbo
mortgages down. This new law is due to expire
at the end of 2008.
4. Good schools are important. Towns and neighborhoods
with highly rated schools are holding their home
values better than other areas according to a
recent study.
|
