2007-10-12 05:19:59 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If you found the perfect house at the right price, you have the money and credit to qualify for a loan and the interest rate is low - go for it. I hate to throw money away on rent.
2007-10-12 05:28:13 · answer #1 · answered by Diane M 7 · 0⤊ 0⤋
Not in California... too expensive!!! although if you can afford a 3000$ mortgage on an avergage first home...then go for it.. rates are still reasonably low.... depending on your credit and your lender.... maybe try waiting it out a year, or look for the best deal possible...which might take you up to a year anyways
2007-10-12 05:28:34 · answer #2 · answered by Count Chocula "BLAH" 2 · 0⤊ 0⤋
It is IF it is the right time for you, and buying a home. Don't make your decision based on the market... make it based upon what your payment will be based on the rent you're currently paying, based on your on goals with your family and where you want to be for the next few years. http://www.choicerealestate.net
2007-10-12 05:40:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
it depends for what reason you want to mortgage
2007-10-12 05:23:05 · answer #4 · answered by Ignite S 1 · 0⤊ 0⤋
its always the right time to get a mortagage....if you are buying at the right price..good luck
2007-10-12 05:37:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋