As rental vacancies decline, rents rise. It’s a simple matter of supply and demand. Rising rent prices make rental properties more lucrative to investors who then flock to purchase homes and get in on the action. As a result, first time homebuyers looking to take advantage of low rates and low home prices will face stiff competition from investors.
All that being said – don’t let yourself become discouraged! Now is still the best time to purchase your first home. 15-year and 30-year mortgage rates are at all time record lows. Consult a licensed mortgage loan professional to get
pre-approved for a mortgage loan today. Armed with a pre-approval letter, a Realtor can help you find the home of your dreams. Read more about why you need a pre-approval here.
Are you ready to take advantage of the lowest mortgage rates in history and low home prices? Contact and Inlanta Mortgage loan professional to discuss your specific financing needs and get your pre-approval letter today. Click here to find an Inlanta Mortgage loan officer near you.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Graphic Source: ClearCapital.com