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Buyer's Beware !

Posted : February 22, 2008 4:19 PM | Posted By: Richard Butler
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Should you wait for the bottom of the market ? Or is now the time to buy ?

Recent events in the Financial markets combined with the expert opinions, of our financial peers. Seem to suggest that it is pretty certain that mortgage interest rates are likely to rise, by at least 0.5% by the end of 2008. When you consider how much this adds to the total repayments of a 30 year loan ($24,000 on a $200k loan). Do you think that the property will fall another $25k in value, before it reaches the bottom ?????

Get off the fence. Buy whilst the "killer" deals are available.

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1 comments on "Buyer's Beware !"

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I have heard quite a bit about the time to buy is now... but what does your credit score need to be to be able to get a mortgage. I have heard 630 is good which is what mine is now but I have also heard that it needs to be 680 or better.

Anybody out there that can help with that???

Posted By Dave | 3/12/08 10:55 AM

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