The Perfect Storm:

Low House values and Low Mortgage rates

Their a few reasons on why I believe that now is the perfect time to buy. Don't take it from me, look at the real evidence that as led me to this conclusion.

Home values have come off 40-50% percent from their highs. The big question I here often is what if they continue to fall. That can be answered in a few ways. The quick version is YES they can, however the government is trying hard to not let that happen. They are investing billions of dollars into the real estate market. You should take advantage of them trying to keep values stable, by lowering interest rates and keeping housing inventory off the market. Also, the most important question is if you take advantage of low rates and then the guy down the street does and your friend across town then the market will stabilize on its own. The government helping keep rates low is only a bonus. It is up to you the people to decide to jump in and buy, and I think now is the perfect time.

There are reasons why people don't buy a house, i.e credit, income or money, but there is a lot of American who are sitting on the sidelines for reasons that perhaps aren't valid. I hope this article helps those Americans who feel that they can't qualify to buy, in that they may be able to.

A big myth that I just heard again from somebody is that money is too hard to get. It might be cheap and properties are affordable, but you can't get them. That may be true for people who bought homes over 3 years ago and/or currently owe more than the house is worth. But for those people that haven't owned a home ever or in the last three years, TODAY is no better time to buy.

Let me explain. A government program called FHA is available for people with little money down. They also allow people who have a set wage every month to qualify for a house. This is why I think know is perfect for the recent college grads but also people who recently went back to work on a salary. Rules dictate that if you are self-employed or a commission employee that you have to have a two year history. If you are salaried and the salary you make per month is enough to qualify for some of these seriously reduced property values, NOW is the time.

Spend 10 minutes and contact me to see how much you would qualify for, even if you have had a job change, as long as you make a set salary every month that maybe enough. Here is an example to help.
Let's say you make $2500 a month before taxes. You have $200 in student loans and credit card debt a month. You may qualify for a $150,000 a month house, which equals a $950 dollar a month house payment with taxes and insurance. Today, $150,000 can buy a great home, with yard and sometimes a pool. I have closed 100's of first time home buyers just like this. The only way to know what and if you can qualify for a house is to reach out to me so I can run the numbers.

Matt Baker 480-347-0548 NMLS#190779

Mason McDuffie Mortgage 17750 N. Perimeter Dr. #180 Scottsdale, AZ 85255