Rates are close to all time lows which means your buying power is high. When analyzing your position as a seller then as a buyer it’s important to think about how the sales price of your house evens out with good rates. Even if you lose a little on the sell side in today’s flattened market, you’ll easily make it up when you purchase your next home. In the first half of today’s podcast Joe and Mike discuss the role low rates play in current market conditions.
What it takes to get a loan differs depending on where you live. Conforming loans can be as easy as tax pay stubs and bank statements for your lender to approve, but things can get a whole lot more complicated when it comes to jumbo loans. Conditions and guidelines can vary from lender to lender and more documents will be needed in comparison. In the second half Joe and Mike look at the reality of what it takes to get a loan.
If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.
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