Mortgage Rates Continue to Hit New Lows- Will You Take Advantage?

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
 If you have been on the fence with buying a home, jump off and take advantage of the rates and purchase NOW!  The first step is becoming pre-qualified.  Contact your local loan officer or mortgage professional for more information.
Once you know what you can afford you will feel comfortable to begin your Lake Charles home search.  When you do begin to search for your new Lake Charles home, give me a call I would love to assist you!

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

337 478-1578

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