Mortgage rates have hit a 50 year low but there just aren’t many borrowers that can qualify. It appears that while rates are low, that folks have lost their impetus to buy real estate. May be everyone is on vacation. But in the mean time there are some fabulous deal out there.
Crreative finanincing is a buzz word of the past but there are certain things that future buyers can do to help themselves. First and foremost is to get preapproved. At least sit down with a mortgage lender and figure out what you can qualify for. It is getting more and more common for listing agents to put in their remarks that they won’t consider showing the proerty to a buyeer that isn’t preapproved. That may be a bit harsh but it does put the problem into perspective. There are just too many variables to leave it up to chance. GET PRE APPROVED!
