Mortgage Interest Rates Are Still Low and May Dip Even Lower

Based on information from several lenders in town, interest rates for 30 Year Fixed Rate Mortgages continue to be low, and may even dip lower into the first quarter of 2009. 

What a great time to buy Cedar Rapids real estate if you are ready.  How do you know if you are ready?  Contact Christopher Smith at 319-329-5988 or email him at christopher.smith.realtor@gmail.com to set up an appointment and get started.  There is plenty of inventory in every price range to choose from.  Christopher only works with the best lenders in town.  You'll know within minutes how much you are qualified for, and then comes the fun part, shopping for your new home!

Are you ready to buy a home in 2009?  If so, you'll need your last two years W-2 statements from taxes, your last two paystubs from work, and your social security numbers.  Based on that information, most lenders can pull your FICO score and determine how much you are qualified for in terms of a mortgage loan.  Now, just because you're qualified for a certain dollar amount, it doesn't necessarily mean that you can afford it.  When you sit down with a Realtor and a lender, we will help you determine what is the best price for you to afford in terms of a mortgage loan. 

Christopher Smith

Traditions Real Estate

www.christophersmithrealtor.com

christopher.smith.realtor@gmail.com

319-329-5988

Licensed Realtor in the state of Iowa

"Success in real estate at the SERVICE of others"

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