Jeff Hansen & Arvin Paredes

408-657-9837

Downtown San Jose Condo & Townhouse Living

4 Reasons Why Now Is A Good Time To Buy

From The Lenders’ Perspective

Lenders' Perspective

On every Tuesday morning, we have an hour long office meeting. Our in-house lenders talk for about 10-15 minutes about the latest market updates. They talk about current interest rates as well as the newest guidelines that can greatly affect potential buyers nationwide. During the most recent office meeting, the first thing they told us was what question they’ve been faced with the most; “When do you think is a good time to purchase a home?” So they came up with their own four reasons why now is a good time to buy. Can you guess all four?

Their reasons are…

1. Prices for homes are at or near lowest point in 5 years.

2. Mortgage rates are at historical lows.

3. Rents continue to rise and with fear of inflation, that will continue.

4. FHA currently offers a 3.5% down payment, which is something that might rise.

What do you think about their reasons? Do you agree or disagree? Leave a comment or contact me because I’d love to hear your point of view on this topic. I can also answer any questions that you may have about the real estate market. Don’t forget to subscribe!

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