North Idaho Janna

Something leaked...  We don't know who leaked it, but there is a plan being considered by the Treasury Department to give a boost to home sales.  Basically, the plan is for the Treasury to push rates down to a target 4.5% for a 30 year fixed mortgage.

From what I am reading around the internet, it would only be for purchases of new or existing homes, not for refis of current loans.

So, let's do a little stacking here...

• Ken over at Novation has some 95/5 programs available... so, 100% financing - check
• The government is offering a $7500 refundable tax credit for first time home buyers... so, cash for expenses - check
• Treasury floating the idea of 4.5% 30 year fixed mortgages... so, butt-kickin' mortgage rate - almost check
• I have come across some properties that are offering closing cost money for owner/occupants... so, closing costs paid to reduce cash at closing - check
• I am finding properties in Lilburn and the surrounding areas that are well below comps... so, well priced deals - check

Now, we don't know that the Treasury  going to work out the 4.5% mortgage deals yet, but we have everything else checked off... and if the 4.5% mortgages DO come through, the best deals are going to disappear even faster.  Already I am seeing good deals go under contract is a couple of weeks or less.

So, if you are thinking of buying a home, especially if you are a first time home buyer, we might be hitting a great season to do just that.

Give me a call and let's start your home search.  Ken can get you qualified and we can get you into a home before the Superbowl... maybe even in time for a New Year's Party!

 

from LaneBailey.com