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Is this a good time to buy a home?

Submitted by Teddy1991 on Mon, 04/13/2020 - 06:54

My friend was saying that mortgage rates have reduced a bit. Is it a good time to buy a home?

Yes, mortgage rates have reduced in some places. But before you take out one, compare shop and decide. Make sure you go through all the documents to know about everything about the loan you'll opt for.
Also, as we're going through a difficult time, both mentally and financially, make sure you'll be able to stay current on the loan if you face a financial crisis.
Think properly and make the decision.

Submitted by Good Nelly on Mon, 04/13/2020 - 07:22

Good Nelly

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it's good time to buy a home as mortgage rates are record low. The interest rate is only 3.7% right now for 30-year FRM. You won't get this rate later. But just because the rate is low, don't go overboard. Buy a house you can afford. If you have a already found a house and have job stability, then go ahead and buy one.

Submitted by David Martin on Mon, 04/13/2020 - 22:26

David Martin

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Hey Teddy!

What your friend has said is absolutely correct. I was reading some financial bloggers' articles. They have echoed the same thing. Low mortgage rates have made home buying a prospective matter for now.

Currently, the mortgage rate is in the 30 year’s lowest position. So, you can buy a home.
No problem!

Submitted by Ryan Miller on Tue, 04/14/2020 - 04:27

Ryan Miller

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Hi! Yes, you have heard it right, buddy! Mortgage rates in our country has hit all time low in the recent times. So, if you have been planning to buy a home, you can grab this opportunity! But before you opt for a mortgage loan due to the lucrative interest rate, check your financial condition once. I mean to say, do you have any other debts to pay off? Will you be able to pay off the mortgage payments apart from your existing debt payments? Think wisely and then decide.

Submitted by Craigh.terry on Sun, 04/19/2020 - 21:17


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