Best Time To Buy A House

Best Time To Buy A House

In case you missed it!  President Obama was at Central High School here in Phoenix earlier this month and said this about becoming a homeowner: "...and here in Phoenix, I want to talk about helping more families afford their piece of the American Dream, that is owning their own home". 

I know we all have heard the promises and some get excited but most don't REALLY know what it all means!  The President introduced a program that as of January 26th, mortgage insurance for FHA loans will be lowered by half a percentage point, from 1.35 percent to 0.85 percent.  So in plain Math terms, if your loan amount for your house was $100,000- if you were to only put down the standard 3.5%  down payment (which most first time or FHA buyers do unless you go through a ZERO down payment program that is available but we will save that for another blog lol) - instead of the mortgage insurance monthly being $135 it will now be $85 monthly - that's $50 for Starbucks coffee every month but in reality, this means you can go a little higher in sales price OR have enough room to buy a house with a higher HOA fees (normally a subdivision that is gated or with a community pool has higher HOA).

It's Tax season, put your tax return into good use and invest in your future!  Interest rates are as low as 3.875% - 4% which means you are getting a SMOKING deal!

Need more reason to buy?  Check out these stats.....

We will walk you through the process of owning a home and it doesn't cost you to use our services, yes - that means FREE!

You can also search for homes on our site which will also give you an est. monthly payment for each house you are looking at - what are you waiting for?  Search for a home NOW!

Check out this list of JUST LISTED homes Phoenix!

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Phone: 602-687-0617
Dated: January 22nd 2015
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