Does my situation make it a good time to buy a house

Rates change, sometimes daily. There has been talk of rate increases for a long time... But even if they do, it wouldn't be much in the foreseeable future. The bigger concern would be that home prices are rising faster... I suggest if you are going to do something, do it now. But the first step is to get pre-approved... I lend in MN, WI, and SD, and I am right here in the Metro. Visit www.MortgagesUnlimited.biz

We could look at both buying and refinancing options to see which may be better for you at this time. Yes you are correct, mortgage rates are trending upwards. I will be available any time today to discuss.

Hello!Thank you for reaching out, and excellent question. Home values have rebounded nicely in the Twin Cites the last few years and now over 90% of homeowners are realizing they have equity to work, with putting you potentially in a great position to further consider your options. With that credit score and debt-ratio, I would have a multitude of options to fit your needs. From the looks of it, a new home might be closer than your realized! Rates are starting to climb again the last few weeks, but not out of control. No one has a crystal ball, so its always a bit of a gamble to guess on what they might do on any given day. The economy strengthening is having a large impact and the Federal Reserve is paying close attention. If information on Wall Street continues to be positive, rather safe bet that rates will steadily start to climb. I would really enjoy an opportunity to share those ideas/ options with you when you have a few minutes. I can typically determine your overall qualifications in as little as 10 minutes on the phone. After the conversation we can discuss all the options on the table and sort out what the best fit is for YOU!Please feel free to call Dave @ 612.294.0365 anytime (evenings or weekends too!) and we can easily get the ball in motion. I almost forgot to mention, if you don't like paying all those junk/ lender fees come loan time, you're going to love to hear what we offer! :-)Hope to hear from you soon!

The first thing you should consider when deciding on moving or not is the costs of selling your home and the costs of purchasing a new home. Unless you have 20 percent down for the purchase of a new home you will be stuck with Private Mortgage Insurance. If you have a growing family and need the extra room I would take a look at our your options after you have determined what the costs of buying are. If you would like to discuss more feel free to give me a call at 763-400-7577.

It would depend on a lot of factors that are in your life. I would consult a local realtor and mortgage professional to discuss what is out there in your market.

In regards to whether or not you should buy now.. only you can answer that question.. Property values are going up as are interest rates.. if you sell now, then you need to be aware of how you are going to replace the home you just sold.. IRS rules are very favorable to capital gains on your primary residence, so it's likely you would not have a tax liability (consult your tax adviser to be certain) which would be a benefit to selling, but if you looking to buy another home, then the same applies.. higher pricing and higher interest rates.. without knowing all your goals, it's difficult to advise you properly.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

We could look at both buying and refinancing options to see which may be better for you at this time. Yes you are correct, mortgage rates are trending upwards. I will be available any time today to discuss.