Anyone buying real estate today must have a plan to position their offers against other deals, especially cash deals. Cash Buyers have gobbled up properties the last few years snatching them right out from under traditional buyers with quick closings and eliminating the risk of financing delays. Some sellers even agree to a lower price.
At the last FOMC Meeting, the FED announced they were removing the hard unemployment rate target and would be using other data along with the unemployment rate to guide interest rate policy. While this makes a lot of sense, the market did not like it one bit and rates jumped. The change had to happen.
The biggest mistake people make when building or remodeling a home is waiting to lock their mortgage rate until they are almost done with construction. A quick jump in rates will leave you with thousands more in loan fees, paying tens of thousands more in interest, causing yourself serious financial trouble, or could even keep.
Do it faster and better than costly repair services What used to be called great credit is now just good. At the same time, higher credit requirements keep increasing the cost of less than perfect credit. These changes make accurate credit even more important. Not only are errors common, they happen to people with good.