Is now the time to purchase a home? Buying a home is a big decision in every situation, no matter the time or the area. The key thing to remember is that buying a home now is a personal decision, one you have to make based on whether your individual circumstances are in the right place right now, including your budget and financials. Yet, when you look at the mortgage industry as a whole, you may notice some instances in which there are big reasons to make now the time you buy a home.

#1: Interest Rates Are Low

Compared to just a few years ago, interest rates are low right now. When buying a home, this is one of those factors you simply do not want to pass up on. Lower interest rates mean you'll pay less to buy a home, even by thousands of dollars.

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There are few things that give you more of a sinking feeling in your stomach than realizing that you just bought the wrong house.  To keep yourself from ever having to experience this sinking feeling firsthand, you need to be aware of the warning signs that tell you to think twice before buying a particular new house.  These are the warning signs that every homebuyer should know and look for when they are buying a house.warning_signs_400

Fleeing Neighbors

Are there a lot of homes for sale on the street or in the neighborhood where you are thinking of buying a house?  If so, you want to ask yourself why.  It is a common mistake to focus only on the home that you are thinking of buying, but you should take the time to check out the surrounding area.  If a lot of the…

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