Wednesday, March 21, 2012

Get a mortgage now for your Millburn-Short Hills home!

As your Millburn-Short Hills real estate agent, it is my job to help you find the perfect home--one that is located somewhere you prefer, falls within your price range, and meets your needs aesthetically and in terms of space.  Finding that perfect home isn't enough, however.  You also need to plan for how you're going to pay for it!  (Though I do encourage you to search Millburn-Short Hills homes in the meantime to get started looking for that perfect home.)

Many of my clients--both new and existing homeowners alike--have questions about mortgages.  Will I qualify?  What's a good rate?  Isn't renting financially safer right now? Etc., etc.  I am excited to tell you that earlier this month CNNMoney announced that mortgage rates are near all-time lows, making this the perfect time to buy a home.  Fifteen-year mortgages haven't had this low of interest rates in over sixty years, and thirty-year mortgages are close behind.  At the time the article was written, fifteen-year fixed mortgage interest rates averaged 3.13% and thirty-year fixed mortgage rates averaged 3.14%.

Still on the fence?  Now's not a time to hesitate.  A report that just came out this week says that it is actually cheaper to buy a house than it is to rent.  Not only is owning a home a good investment that will pay off later, it will also save you money right now!  So, you've decided you want to take advantage of low mortgage rates, save money, and buy a Millburn-Short Hills, NJ home.  What next?

Order your credit report and clean up any credit issues you have.  Check local lenders and find who has the best rates.  If your credit is an issue, look into getting an FHA loan.  Lastly, don't forget to contact me to help you find exactly what you're looking for in Millburn Township!

Elaine Pruzon
Coldwell Banker Residential Brokerage
Visit My Website
See My Listings
Become My Fan on Facebook
Follow Me on Twitter
Add Me to Your Circle
Contact Me

No comments:

Post a Comment