Mortgage rates continue to hit new lows, time for
buyer’s to take advantage and purchase NOW!
Are you still on the fence about buying a home in Lake Charles, LA? Many first time home buyers are taking advantage of the low mortgage rates. The Washington Post just published an article about low mortgage rates and encouraging signs of life in the housing market. RIS Media also published an article this week about the low mortgage rate trend.
Buying a home now and taking advantage of the current low rates, will almost ensure your home’s appreciation in the future. Many factors affect your loan application such as credit qualification, loan flexibility, that contributes to the final decision of what type of mortgage loan best fits your needs.
A new trend being used by some homeowners is to actually add money to their monthly payment to decrease the principal balance of their loans at a much faster pace. This trend is called equity building and the rapid payment process allows borrowers to:
- Pay off the principal balance faster
- Lock in near-record-low interest rates
- Shorten the length of their home loan
- Own their home faster
- Pay substantially less mortgage interest
Marilyn Boudreaux is a Full Time Licensed REALTOR in the State of Louisiana affiliated with Century 21 Mike D. Bono & Co.’s.
Copyright 2012© Marilyn Boudreaux
Marilyn Boudreaux, REALTOR® 337-499-9592
Century 21 Mike D. Bono & Co.’s
4410 Nelson Road
Lake Charles, LA USA 70605