Why this is a great time to be an investor!!

Take a look at some industry blogs and you would think that when the bubble burst it spelled doom and gloom for everyone. Not true at all. Not by a long shot. There are a bunch of people making an absolute killing in the biz. While some agents may be making money, the majority are not. Why? Does it really matter?
Point being, we know a lot of attorneys, transaction coordinators and yes, real estate investors who are making money…substantial money because they either know how to implement sound real estate investing principles or know how to facilitate deals for those who seek to prosper.
One of our contributing authors asks the question:

Why Soft Real Estate Markets are GREAT for Investors?

Read more here

Today's Rates (12/2/08)

As of today the 2nd of December @ 1:29pmcurrent rates are:

30 year fixed rate - 5.500%
FHA fixed rate - 6.000%
5 yr. ARM Interest Only - 6.250%

Don’t forget that come January 1, 2009 FHA will be requiringa min. of at least 3.5% down, so make sure you have a fully executed purchaseagreement before Jan. 1 to allow your clients to stay at 3% down. FHAwill also allow home owners to refinance at 100% LTV (LOAN TO VALUE) when nocash is being taken out come January 1, 2009.

PS. Remember that a first time homebuyer may be eligible to receivea tax credit of $7,500 when purchasing a home. They can even get the$7,500 before buying a home to use as down payment. Contact me today for moredetails. 616-862-8304