I was considering buying my first home but I am now thinking of waiting until next spring because it seems as if prices and interest rates will come down due to the current credit crunch. Is this a sound strategy?
Question: As a realtor, what should I be telling my Investors when they ask about changes in Investor financing due to all of the mortgage industry woes happening right now.
6 comments:
A friend told me recently that it might be possible to use an FHA Loan to refinance an existing Adjustable Rate Mortgage - is this true?
What is the difference between an FHA & Conventional loan, and what is better for me as a first time home buyer?
I was considering buying my first home but I am now thinking of waiting until next spring because it seems as if prices and interest rates will come down due to the current credit crunch. Is this a sound strategy?
Question: As a realtor, what should I be telling my Investors when they ask about changes in Investor financing due to all of the mortgage industry woes happening right now.
Question: Austin's market is still strong...but has it shifted into a buyer's market?
What are the benefits of an FHA loan as opposed to the common conventional loans? Have they recenly made changes to the FHA program?
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