Conventional Fixed-Rate Mortgages
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Affordable payment can help you shop through a variety of lenders, banks, mortgage brokers and providing you custom rates without any of these banks, lenders, brokers. You do not have to give out your personal information to any of these brokers or lenders. Get qualified for the lowest mortgage and right program and excellent support from Affordable payment.
In this Article we shall focus on answering some common queries of Alpine CA mortgage borrowers:
Real Estate Market Trends for Alpine CA:
As of today in September of 2017 the housing market is sellers market. Interest rates are moving up and so are home values. Borrowers are not willing to sell off their home. They wish to make as much as possible on the rising property prices. Statics show that there has been a drop in the homes for sale.
So the moment the house is come up for sale. The seller is flooded with offers. Demand is outstripping the pace of sale. An improved economy has stimulated demand for housing but the supply of home sale has lagged.
One of the reasons as to why there is a slowdown of the houses in the market is because those investors who bought the home in depression of 2008 bought it cheap and are earning good rental on it so they are not i9n a mood to sell.
While in some areas the houses are still underwater where the mortgage balance is more than the property value so they cannot sell.
The average time a home owner would stay in the house was years before recession but now its been stretched to 8 years after recession until home owners on an average stay in the house.
Another reason why not enough homes are out in the market for buyers is because the foreclosure rates are back to pre recession levels.
Al this means that the home buyer has to be quick to make an offer and get started because it’s a seller’s market and he can’t go back and forth on time and negotiation because there are others who are willing to make higher bid and that is how the scenario is throughout the country.
Back in old days a buyer could pay $ 500 as due diligence and would expect to lose if they found another home better serving their needs but now a day’s buyers demand $ 1000 or even $ 2000.
Back in old times a seller would accept a contingency offer where the offer would be deemed accepted should the property of the willing buyer be sold. As of today seller frown on contingency offer because they know that right around the corner they would have an offer from someone.
You can contact your Alpine CA mortgage expert to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
Artical by Roger Shanker
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