Right now is, without a doubt, the best time to buy a home. Home loans are easier to acquire than ever before, and mortgage lenders are loaning money at historically low interest rates. This is a wonderful moment in time that should not be passed up on! Find a realtor and start your move today!
Remember the collapse of the housing industry just a few years back? Mortgage lenders had to construct absurdly high rates of interest due to the shortcomings of the economy. Waterfront properties for sale were almost impossible to afford. This trend compounded upon itself.
Nobody could afford a home, let alone condos for sale on the beach. Therefore mortgage lenders had to raise interest rates, resulting in even less people being able to afford a home. It was a vicious cycle. Waterfront properties for sale sat idle, collecting cobwebs.
Thankfully, the Federal Reserve helped to break this cycle, and lift the curse from the housing industry…hopefully for many years to come. Southern Florida (among many other regions of the country) is one locale that has been seemingly celebrating the rebirth of the housing market. There has been a plethora of people purchasing new homes for sale on the beach.
This is largely due to the great deals that mortgage lenders available. With low down payments, minimal interest, and low monthly payments, almost anyone can afford their dream house. Why not look into it and see if you can swing a deal on one of the great luxury homes in Miami Beach, for example? Waterfront properties for sale are vacant and just waiting for your occupancy!
Bad credit can be a tricky beast to tame. In the past, mortgage lenders were not willing to work with bad credit scores. Today, it is an entirely different game. The bar has been lowered regarding what kind of credit is accepted by mortgage lenders. I say, give a home loan a shot. What do you really have to lose? You will never have one of the beautiful waterfront properties for sale if you do not try.