This is a good time to buy that dream house

Sun., July 29, 2007

The Spokane Association of Realtors® The Spokesman-Review

Like many others, you may be currently renting a house or a duplex in the Spokane area and might be starting to get the itch to find a home for yourself or for your family.

Chances are you have thought about buying your own piece of real estate and it seems like just about everyone on this planet has done so. You might be wondering if you have missed your opportunity or you may have felt that you could not buy your own home. You could be right or you could be wrong. There are a number of special financial home programs available that are designed to help various types of buyers purchase their own dream house.

Generally, most people who rent probably don’t have enough money saved to make a down payment on a house. There have been new low down payment payments on some programs. It’s possible to buy a home for just 5% down. And if you are a veteran, you can purchase a home with a zero down payment. There are advantages to being a member of the USA military.

If you haven’t been following the recent exceptional housing market in the past few years, your thoughts about whether you are able to purchase a home may be out of style.

Check with a local mortgage lender to see how much of a home loan you could qualify for. You may be in much better financial shape than you might be aware of. Your lender can access your credit information and provide you with a pre-qualification letter. The next step is to find your guide in this home-finding business – a REALTOR®. Talk with several of these professionals and pick the one you consider to be the best “fit” in working toward your transaction. Your REALTOR® will have the information on what homes are available in the market that you can afford.

If your credit score needs some help, the lender will provide you with a plan for improving your credit so that you can start working toward making your dream of home ownership come true.

Check with the professionals. They have the current information on available homes. They do this for a living. And, they are very good at what they do.